ProMatDX Keynote: Using tech to help supply chains respond, recover and thrive
In yesterday’s PromatDX keynote, Thomas Boykin of Deloitte joined MHI CEO John Paxton to present key findings from the “2021 MHI Annual Industry Report.”
Latest News
FTR Trucking Conditions Index drops to lowest level in more than two years 5 Innovative Ways Manufacturers Can Optimize Their Logistics Operations Inflation is trending down, but more work needs to be done Frictionless Podcast: Apparel Production and Logistics in Central America U.S. rail carload and intermodal volumes are down, for week ending December 17, reports AAR More NewsLatest Resource
5 Innovative Ways Manufacturers Can Optimize Their Logistics OperationsDownload this new white paper to discover the five steps that manufacturers can take and partners they can work with to drive innovation and make their logistics operations more effective and efficient.All Resources
In yesterday’s PromatDX keynote, Thomas Boykin of Deloitte joined MHI CEO John Paxton to present key findings from the “2021 MHI Annual Industry Report.” The session also featured input from panelists Annette Danek-Akey, executive VP of supply chain at Penguin Random House, and Randy V. Bradley, associate professor of information systems and supply chain management at the University of Tennessee.
The group discussed key survey findings like percentage of technology adoption across numerous product categories (for example, Cloud computing, inventory optimization, sensors, etc.), the fact that 49% of companies increased technology adoption due to Covid, and the top supply chain challenges cited by survey respondents.
“When it comes to supply chain challenges, respondents continue to report that their organization’s greatest challenge is hiring and retaining qualified workers (cited by 52% of companies),” said Paxton. “Following close behind is forecasting (48%) and the need to meet customer demands for lower costs (47%).”
In terms of new strategies that organizations are implementing to shield their supply chains from future disruptions, MHI found that 45% are using flexible manufacturing/supply chain related services; 43% are building long-term relationships with a smaller pool of suppliers; and 37% are diversifying their geographic supply bases.
帕克斯顿说解决的供应链运营商the barriers to innovation will be best positioned to meet customer expectations and emerge as the market leaders of tomorrow. Those that evolve too slowly and ignore the need to respond to market changes may fall behind.
“Companies that embrace a digital mindset can open the door to greater performance and success by leveraging the latest digital technologies to inspire and drive experimentation, ingenuity, and innovation. But, the time to act is now,” he said.
About the Author
Bridget McCrea, EditorBridget McCrea is a Contributing Editor for Logistics Management based in Clearwater, Fla. She has covered the transportation and supply chain space since 1996 and has covered all aspects of the industry for Logistics Management and Supply Chain Management Review. She can be reached at[email protected], or on Twitter@BridgetMcCreaSubscribe to Logistics Management Magazine!
Subscribe today. It's FREE!Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
Article Topics
Merger and Acquisition Momentum: 2022 Top 20 Warehouses Truckload: Easing back to normal? View More From this Issue