As supply chains have increasingly become more complex with greater risks, volatility, and costs, digitizing with smart supply chains has become integral to success. Smart supply chains powered by AI are helping industrial producers improve forecasting, streamline operations, and increase their bottom line.
Medical products manufacturing is gaining momentum as companies want to build resilience to mitigate risk in the supply chain. Executives have realized that they must better control their end-to-end supply chain to ensure supply as geopolitical risks, vulnerabilities, and disruptions continue to arise while tariffs also push companies to build domestic capacity.
Priorities that power the triple bottom line of social, environmental and financial performance are gaining momentum. Sustainable advancements, smart manufacturing and advanced technologies such as artificial intelligence are trending as they can deliver win-win improvements, supporting profitable growth and success.
As geopolitical unrest, natural disasters, and shifting trade policies upend global logistics, resilient companies are transforming their supply chains to gain competitive advantage and ensure growth.
Like almost every manufacturing sector, the building and construction products industry generally worked through their backlog, focused on margins, and experienced an overall drop in customer demand last year, yet expect a positive year ahead.
Manufacturers are focused on successfully navigating continually changing conditions to serve customers while driving profitable growth. End-to-end supply chains are evolving, creating shifting demand patterns and customer order volatility.
Risks abound in the global supply chain and goods movement systems. The only successful strategy to thrive is to create a resilient supply chain. According to the Global Port Tracker (GPT) report from Hackett Associates and the National Retail Federation (NRF), the specter of labor strife and new tariffs, along with strong sales, is driving U.S. retailers to keep imports surging through the spring.
According to a McKinsey study, investment in supply chain digitization is slowing down after rapid growth in 2020-2023. On the other hand, the McKinsey Global Supply Chain Leader Survey finds that nine out of 10 respondents continue to experience supply chain challenges. And, according to Reuters, supply chain glitches [...]
Opportunities to increase market share will increase when companies are pre-positioned for growth in a resilient and scalable way.
Disruptions abound no matter the supply chain. Aerospace has been particularly hard hit. Boeing's issues have plagued them the entire year.
