The grocery sector was arguably hit as hard by the pandemic as any and is still dealing with the most persistent hangover—namely ongoing supply shortages, inventory imbalances, and excessive spoilage and waste.
The grocery sector was arguably hit as hard by the pandemic as any and is still dealing with the most persistent hangover—namely ongoing supply shortages, inventory imbalances, and excessive spoilage and waste.
Seventy-six percent of supply chain leaders are saying they are facing greater and more frequent disruptions than three years ago. In this Infographic, compiled by Consumer Goods Technology, supply chain leaders can learn what others are doing and create plans to mitigate their risks.
Following our very informative recent virtual roundtable of supply chain executives facilitated by my colleague David Kane, I was anxious to take a turn in the moderator’s chair for our next executive roundtable, ‘How to Maximize ROI of Your Inventory in Today’s Uncertain World?’, this past August 11.
On the heels of our very well-received co-presentation with Phillips CSCO Ivanka Janssen on AI at last month’s Gartner Supply Chain Symposium in Orlando, I had the pleasure of facilitating our June 30 virtual roundtable—'Align Inventory to Consumer Demand’.
In years to come, the extreme product shortages of the pandemic may seem like just another blip in the history of marketplace behavior, but they leave behind a permanent realization that the possibility of near-term events that can rapidly cause consumer demand to explode or supply to be interrupted is very real. Furthermore, these events seem to be happening more than ever before, and they can also defy market logic. Case in point – the recent unbowed demand for lumber despite prices that are more than four times the norm.
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