5 Supply Chain Trends Happening Now

The world of supply chain management is exciting, challenging and rapidly changing. According to supply chain managers and executive leaders at a Fortune 50 company, these five trends are affecting the design and management of supply chains.

If the last 20 years have shown anything, it’s that the supply chain profession is in a state of constant change. Supply chain professionals who once viewed themselves as cost managers are now managing relationships with key stakeholders, the risks in their supply chains and are increasingly responsible for financial management. What’s more, new trends arise almost daily that affect how supply chains are designed and managed.

 

This article describes five trends that are affecting the design and management of supply chains right now. They have been identified through primary and secondary research, conversations with supply chain professionals—and, perhaps most importantly, working closely with executive leaders at a Fortune 50 company.

While it is unlikely that everyone in the supply chain community will ever agree on the impact of every trend, the five presented here will likely affect the supply chain world for the foreseeable future. Understanding them—and how they might have an impact on your organization—can mean the difference between demonstrating leadership and surrendering to forces beyond your control.

Trend No. 1

Supply chain talent management is becoming a strategic necessity

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If the last 20 years have shown anything, it’s that the supply chain profession is in a state of constant change. Supply chain professionals who once viewed themselves as cost managers are now managing relationships with key stakeholders, the risks in their supply chains and are increasingly responsible for financial management. What’s more, new trends arise almost daily that affect how supply chains are designed and managed.

This article describes five trends that are affecting the design and management of supply chains right now. They have been identified through primary and secondary research, conversations with supply chain professionals—and, perhaps most importantly, working closely with executive leaders at a Fortune 50 company.

While it is unlikely that everyone in the supply chain community will ever agree on the impact of every trend, the five presented here will likely affect the supply chain world for the foreseeable future. Understanding them—and how they might have an impact on your organization—can mean the difference between demonstrating leadership and surrendering to forces beyond your control.

Trend No. 1

Supply chain talent management is becoming a strategic necessity

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