After a long year of hardship and loss, the world economy seems set to rebound. There’s hope that COVID-19 will be vanquished through mass vaccination campaigns. Economic activity is set to return to some semblance of normality. The IMF anticipates that world GDP will grow by 5.5% in 2021 and 4.2% in
At the same time, the Deloitte’s Global Chief Procurement Officer Survey 2019, released in October, shows businesses are increasingly concerned about their vulnerability to growing political and economic risks. Specifically, they are concerned about a possible downturn along with how to handle ongoing trade uncertainty. In this context, Deloitte has
A lot has changed. Simulation and modeling software allow organizations to create realistic and verifiable supply chain digital twins of their supply chains. Data mining techniques along with inputs from Internet of Things (IoT) sensors allow them to feed real-time data into models. They can monitor and determine what’s happening
What many don’t realize is that a significant percentage of their total costs are tied up with the supply chain, especially for those businesses that outsource manufacturing. These include:
Similar to the phrase ‘a guy goes into a bar,’ the concept of delivering profit across the entire product portfolio can seem like a punchline when it comes to rough-cut capacity planning (RCCP). Isn’t rough-cut capacity planning (RCCP) about meeting demand at the lowest cost?
The award recognizes influential individuals whose achievements, hard work and vision have shaped our industry and attained milestones in safety, efficiency, productivity and innovation through the global food supply chain. From early pioneers and entrepreneurs to non-conformist thinkers and executive standouts, this award aims to honor remarkable leaders and their
By following these 5 steps, you can make significant improvements over your current practices and move towards the lean machine you’ve always dreamed of…
