Disruptions to supply chain operations are set to stay in 2023, whether they be existing or new geopolitical conflicts, inflationary pressures and the recessionary environment, climate change weather events, or other issues yet to emerge. They can all impact access to goods and how they flow to their final destination, create port holdups, reduce container and ocean freight availability, and surge prices, among other concerns.

In 2023, amid these disruptions, there will likely be some key supply chain trends to manage. Managing your organization’s response to these can be a critical opportunity in the year ahead. At KPMG, from within our Global Operations Centre of Excellence, we firmly believe that: nations will be skeptical about cross-border trade cooperation; cyber criminals will ramp up activity; there will be key material access turmoil; manufacturing footprints will change shape; retail and distribution supply chains are morphing rapidly; supply chain technology investments will accelerate; and on the ESG front, scope 3 emissions will be scrutinized – notably, by investors and regulators in addition to the environmentally conscious consumer.

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Selecting the right demand planning solution depends significantly on your organisation’s current level of demand planning maturity. This five-question checklist will help diagnose where you are on that progression.

Is there a demand planning solution that can take you to a higher level?

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A transparent and efficient supply chain today doesn’t guarantee success tomorrow. Change is necessary, and that’s especially true in today’s world of economic uncertainty and global unrest. 

Lacking foresight into what 2023 will bring, businesses nevertheless have the power to identify risks in the supply chain and prepare for the coming year. Following are five ways to achieve that objective.

Centralize information. Supply chain visibility is imperative to identifying and assessing supply chain risks. The first step in gaining visibility is centralizing information to ensure that all content — from product data to documentation — is stored in an easy-to-access and secure location.

With a growing number of companies maintaining a remote work policy, it’s not always easy to securely centralize information. But integrated collaborative tools allow companies to gather the data in one place and share it with a distributed team.

Read the full article at: www.supplychainbrain.com

Usually, the only kind of attention supply chain gets is negative. If an order isn’t manufactured, shipped, or delivered on time, supply chain is where the fingers start pointing. But in 2020, as COVID-19 took hold around the world, the often-invisible work of supply chain became a matter of both intense public interest and boardroom gratitude.

When resource scarcity, workforce shortages, and transportation bottlenecks hit hard, it was supply chain experts who kept supermarket shelves stocked with food and stopped businesses’ bottom lines from plummeting. And as more and more disruptions followed on the heels of the pandemic—the semiconductor shortage, the reduction in rubber and lumber production, the Russian invasion of Ukraine—it became apparent that it was supply chain that kept the world moving in times of chaos.

Read the full article at: www.mckinsey.com