THE SUPPLY CHAIN BLOG
Supply Chains in 2021 and What to Expect in 2022
The year 2020 presented the world with some incredible challenges, especially in the world of supply chain. Almost two years later, the COVID-19 pandemic and supply chain issues remain a major challenge for the entire globe. Now that 2021 has come to an end, we want to look back on what happened last year and talk about what we expect to see in 2022.
Digital Twin Technology - From Concept to Reality
Digital twins are the next step in the evolution of simulation technology. Early developments began in the 21st-century, starting from computer-driven simulations to the creation of AutoCAD and other simulation applications that have grown to current system design programs. Technology such as increased computing power and reliable sensors has made digital twins a real possibility.
Ensuring a Successful Supply Chain Network Optimization Study
We previously wrote about some of the reasons and incentives for why a company would want to execute a supply chain network optimization study. Now, we would like to discuss some of the key contributing factors to consider when completing the supply chain network optimization study that will ensure both realistic and usable results.
Considerations When Designing a Warehouse
Whether you are opening a new warehouse or distribution center, adding a product line, exploring automation, or just running out of space, there are many different considerations when optimizing a warehouse layout and associated processes. We wanted to share some insight regarding the Establish methodology for warehouse design projects, specifically the inputs we like to gather before any concepts are drawn or recommendations made.
What are the Benefits When Completing a Supply Chain Network Study?
It does not matter if a company is business-to-consumer (B2C), business-to-business (B2B) or direct-to-consumer (DTC), if the company distributes goods, then the supply chain will play a vital role. That being said, it is important for companies to be active when reviewing their supply chain network to ensure that it is set up optimally to support the business. We find that supply chain costs usually account for over 6-10% of sales, which can add up to a lot of money for large companies. Likewise, it is just as important for smaller companies to prioritize their supply chain strategy, as they may quickly and consistently outgrow or shift their current supply chain networks.
Self-Driving Trucks - A New Age for Ground Shipping
Self-driving commercial trucks have been a hot topic for the past few years as several companies have joined this sector in an innovative movement to become the first to establish a fully disengaged trucking network. A fully disengaged trucking network would negate the need for the driver to interact with the vehicle, but still be available in case of emergencies. The development of this technology could lead to possible reduced labor costs and reduced transit times.
5 Supply Chain Trends for 2021
This past year has created many new challenges for everyone, causing consumers and companies to adapt. We expect some of the supply chain changes to be temporary but that many of them will have a lasting impact on the supply chain industry going forward. Below, we discuss some of the trends that we expect to see in 2021.
Supply Chain Network Optimization – How to Do it Right
The time is right to re-align your Supply Chain Strategy, for many reasons including:
Logistics and fulfillment are the new storefronts and sales tools
The explosion of direct-to-consumer business forces all companies to have an omnichannel strategy.
The sourcing landscape is rapidly changing with more near-sourcing and risk minimizing.
Sustainability awareness is increasingly unavoidable - and transportation is a big piece.