Supply chain Market trends overview
Supply Chain Management (SCM) encompasses a broad range of activities and requires excellent attention to details.
The rapidly changing environment and the growing demand for the company’s products require changes in operational activities and in supply chain management.
Keeping all supply chain components running as smoothly as possible ensures that your business can provide on-time delivery of products and services, especially with changing consumer demands and supply chain disruptions brought about by the COVID-19 pandemic.
With the ongoing pandemic, a large number of SCM professionals reported experiencing disruption that forced them to change their strategies and business processes.
These included having to adapt their supply chain for e-commerce, renegotiating contracts, as well as finding alternative sourcing options.
As such, keeping tabs on industry trends will allow you to be quick on your feet and make sound business decisions.