In today’s rapidly changing business environment, supply chain success depends on far more than moving products from point A to point B. Organizations must navigate labor shortages, geopolitical risks, evolving customer expectations, and increasing complexity while leveraging technology to improve visibility, responsiveness, and decision-making.

I was pleased to join the GS1 US Next Level Supply Chain podcast to discuss the trends shaping today’s supply chains, the technologies driving business performance, and the importance of data standardization across the supply chain. During the conversation, we explored topics ranging from predictive analytics, artificial intelligence, and digital twins to barcoding, RFID, ERP systems, and supply chain visibility. We also discussed why collaboration, standardized data, and a strong foundation are essential for building resilient, scalable supply chains that support profitable growth.

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Originally published on GS1 on 9/27/2023[/vc_column_text][/vc_column][/vc_row]

Key takeaways:

  1. The combination of business intelligence, predictive analytics, and other tools can drive positive results for companies and improve decision-making in areas like production, purchasing, and customer needs.
  2. Labor shortage is a global issue that is causing bottlenecks and potential problems in the supply chain. Companies need to explore technologies and automation to address this challenge and navigate volatility in the supply chain.
  3. Standardizing data and implementing technologies like barcoding and RFID can lead to improved business performance, better forecasting, resource allocation, and material management, resulting in decreased lead times and increased growth. Prioritizing resources and focusing on what will make a difference for customers, revenue, and employee engagement is key.