Supply chain management has become increasingly complex and involves more coordination among network partners. Control tower technology was introduced to provide greater visibility and more efficient collaboration within the evolving ecosystem. Over time, the technology has adapted from a narrow solution that spanned transportation management to a more comprehensive and holistic capability to fit the growing demand for wider system integration, efficiency, intelligence, and speed. Here are a few of the most exciting and critical supply chain control tower trends in 2022 that help build flexibility, agility, and resilience.

Many factors affect carbon dioxide (CO2) emissions during steel production, including capacity utilization, facility age and upkeep, the electricity grid, and environmental regulations. Secondary steel production, which makes up about 70% of the steel that’s produced in the US, releases significantly less CO2 than primary steel production. As a result, the US is looking to create incentives for other countries to use this method over primary steel production.

While such a move certainly bodes well in the overall drive to encourage more sustainable practices, it also underscores how variable the market and rules of the game can be. Short-term incentives are helpful, but building supply chain resilience and strengthening sustainability practices will also take investment in supply chain technology that enables dynamic partnering, smarter order and transportation management, and better analytics to regularly – and effectively – shift and adapt to the ever-evolving playing field.

Over the two years since the start of the pandemic, volatility has become the new normal: hampered by unexpected closures, service delays, and material scarcity, businesses today face unprecedented challenges. Lead times across industries reached record highs in 2021, and the continued need for safety regulations further complicated supply chain planning and capacity management. Governing bodies relaxed regulations for a time, only to then reinstate those same restrictions again during a surge.

Reopening has been halting and painful, but 2022 is expected to herald economic recovery thanks to broad population immunity and medical advances. As you plan your 2022 technology strategy, here’s a recap of the critical capabilities that enabled businesses to build supply chain resilience last year.

Various polls taken by supply chain stakeholders from 2020 to the present moment – including our own – all point to a similar reality. Visibility is still a significant concern for organizations and is absolutely fundamental to a high performing supply chain. This comes as no surprise as disruption continues to affect the cost-to-serve on razor thin margins, and lack of timely insight impacts operational efficiency, OTIF delivery, and customer satisfaction.

The time to act is now. As is choosing a solution that offers the breadth and depth of supply chain visibility needed to help mitigate the impacts of disruption, recover revenues, and outperform competitors.

Skim the latest supply chain news and you’ll find headlines spanning disruptions, backlogs, shipping delays, soaring prices, and changing consumer habits. “Supply chain complexity” is a popular search term as businesses explore technologies that will enable them to better manage risk and uncertainty. We’ve discussed how supply chain visibility is the foundation to building a successful technology strategy – but what is the ultimate aim?

Certainly, the “perfect order” – on time and in full (OTIF) delivery at the lowest possible cost – is the gold standard from a business perspective. From a technological perspective, the systems that will best help us reach those aims are intelligent cloud platforms with artificial intelligence (AI), machine learning (ML), and deep learning (DL) capabilities.

We are residing in a highly competitive world. And it is becoming difficult for the businesses out there to take a stand. And thus, they should look for continuous enhancement to meet consumer needs. To do it successfully, supply chain optimization can be undertaken. It improves both performance and network efficiency to fulfill the needs […]

The post Supply Chain Optimization Is Crucial To Your Business. Learn Why! first appeared on Blockchain Consultants.

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The post Blockchain in 2021: Accessibility, Authenticity, and Artificial Intelligence (AI) first appeared on Blockchain Consultants.

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