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Feb 24, 2024:

In an era marked by unprecedented global market volatility and disruptions, predicting changes in supply and demand patterns has become a daunting challenge. The stakes are high: businesses risk losing billions in value through lost sales, increased supply chain costs, inventory challenges, and reduced productivity. Now, more than ever, improving supply chain resilience is crucial for future growth and success.

Navigating Supply Chain Resilience
Navigating Supply Chain Resilience

Navigating Supply Chain Resilience

Why Traditional Solution Fall Short Traditional:

supply chain management systems, characterized by fragmented and siloed operations, are no longer sufficient. These systems have hit a performance plateau, struggling to cope with today’s complexities, volatility, and scale demands. Organizations must adopt new strategies and technologies to navigate these challenges effectively.

The Power of AI and Machine Learning

Investments in artificial intelligence (AI) and machine learning (ML) are becoming essential for accelerating high-quality decision-making and execution. However, the true potential of these technologies can only be realized when they are seamlessly integrated into existing business workflows and processes.

Insights from 2023 Supply Chain Executive Surveys by Blueyonder

– 82% of supply chain leaders expect supply disruptions and part shortages to worsen or remain the same.​ – 73% of manufacturing leaders plan to increase their prices.​ – 65% of manufacturers are turning to new technologies to adapt to demand spikes.​ – 77% of manufacturers agree that hiring and retaining talent is critical to their growth.​ – 58% of manufacturers believe that improving resilience is key to future growth.

Five Must Haves for a Resilient Supply Chain

  1. Seamlessly Integrated AI and ML

    – Ensure AI and ML are integrated for transparent and scalable decision-making.​ – Utilize user-friendly interfaces and flexible algorithms to support better decisions.

  2. Supply Chain Optimization and Automation

    – Enable high-quality, accurate forecasting at scale.​ – Empower organizations to predict and pivot quickly in response to supply disruptions and demand shifts.

  3. Scalable Technology Platform

    – Simplify deployment and support business growth with a scalable platform.​ – Reduce maintenance complexity and lower total cost of ownership.

  4. Trusted Partner Ecosystem –

    Collaborate with a network of industry-experienced partners for optimal performance.​ – Ensure flexible and responsive support from global and regional resources.