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Is Your Supply Chain Flexible?

As everyone knows, we are in a state of economic turmoil, which has become the new “norm.” Are you prepared to handle this dynamic change? Mark Pearson starts this article by stating that, from a business standpoint, the first ten years of the twenty-first century have been anything but normal and that economic turmoil is almost constant: What many people are saying, in fact, is that this state of volatility may actually be permanent: a “new normal” characterized by abnormal business conditions. According to a recent Accenture survey, executives are acutely aware—and quite concerned—about this apparently ceaseless state of sudden changes and rapidly shifting paradigms. Seventy percent of more than 3,000 decision makers we polled expressed dissatisfaction with their company’s ability to predict future performance. And more than 80 percent said that they are worried about the resilience of their supply chains—specifically the ability to adapt operationally to rapid changes in products, markets, and currencies Pearson goes on to write about several changes companies should consider as a result of these statistics and economic turmoil. For starters, Pearson suggests that one of the best solutions is reinventing the supply chain as an adaptable malleable ecosystem of processes, people, capital assets, technology and data. He goes on to describe this in a lot more detail, while also providing other insights and recommendations for avoiding any negative recoil due to these tough economic times.

About Matthew Kabik

Matthew Kabik is the former Editor of Computer Aid's Accelerating IT Success. He worked at Computer Aid, Inc. from 2008 to 2014 in the Harrisburg offices, where he was a copywriter, swordsman, social media consultant, and trainer before moving into editorial.

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