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Global Supply Chain Trends: What's Hot, What's Not
Welcome to our blog post on the key findings from Gartner's Report on Global Supply Chain Trends. In this post, we will provide an overview of the most important trends and insights from the report, which covers the latest developments in the supply chain industry and offers insights into the future of supply chain management.
We will delve into the key areas of focus for supply chain technology implementation and upgrades, as well as the challenges and opportunities that companies are facing in this rapidly evolving field.
Whether you are a supply chain professional or simply interested in staying up to date on the latest trends, this post has something for you. So, let's get started!
- Quickly Increase Visibility, Agility, and Resilience
In today's volatile, uncertain, complex, and ambiguous (VUCA) world, it is essential for organizations to quickly increase visibility, agility, and resilience in their supply networks to effectively operate. The Ventory app together with Ventory web correspond to all three of these aspects, bringing our customers closer to controlling their supply chain than ever.
- Prioritizing the Circular Economy Model
The circular economy model, which prioritizes the reduction, reuse, and safe recapture of products, is becoming more popular, particularly in the high-tech industries. This shift in mindset involves designing products with reuse in mind from the outset allowing you to enter the marketplace for second-hand materials. Virtualizing your stock with Ventory means that you can both do more while keeping less in stock.
- Supply Chain Technology Implementation Areas
According to Gartner's Supply Chain Top 25 for 2022 research, the top three areas for supply chain technology implementation and upgrade are planning (88%), visibility (84%), and transportation management (69%). Ventory realizes that without reliable planning, you can never be sure that you have the correct materials on hand, hence with Ventory you can increase the visibility of your supply chain and overcome these common problems.
- Reducing the Cognitive Load on Employees
The global labor shortages that started in late 2018 were exacerbated by the pandemic and implementing technologies that can reduce the cognitive load on employees has become a priority in the short term. Ventory increasingly understands the human aspect of supply chain management, and hence increasingly focuses on easy onboarding making jobs more fun for employees and decreasing the burden on human error.
In conclusion, it is clear that the global supply chain industry is constantly evolving and facing new challenges and opportunities. Companies that can adapt to these changes and capitalize on the latest trends will be well-positioned for success in the future.
By implementing Ventory into your work processes, you can ensure that your supply chain is agile, resilient, and ready to meet the needs of your customers and your business. If you want to read more, please refer to the Gartner report with the link below: https://www.gartner.com/en/supply-chain/research/supply-chain-top-25/global-report-2022