2023 Supply Chain trends and forces to watch (part 1)

 

There are opportunities for supply chain professionals to thrive during this time of evolution, optimism, and innovation, and the emphasis will shift to greater decision-making and progress towards sustainability.

 

What key trends and forces will shape supply chains in 2023?

1- Every stage of the planning process will take sustainability into account

The supply chain will be infused with sustainability next year, from energy sourcing to production, storage, delivery, and disposal of materials.

2- It will be necessary for supply chain professionals to learn how to communicate with CFOs

As a supply chain executive, it’s important to take advantage of the opportunity to develop a relationship with the C-suite. This requires translating their work into the language of the chief financial officer (CFO)

3- Resilience is a critical factor in achieving a tangible ROI

Businesses can take proactive steps to strengthen their supply chains and make them more resilient. With disruption and volatility set to continue into 2023, One way of doing this is to focus on diversifying their supply chain.

4- Supply chain changes will occur faster than ever.

Modern digital technologies are revolutionizing the way supply chain processes are being managed. By creating seamless, end-to-end supply chain planning, businesses can break down silos between departments and ensure they stay ahead of the curve in a rapidly changing world.

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