The use of technology and automation will be of paramount importance to not just supplement the labor force, but also to meet ever increasing customer requirements and provide visibility across the end-to-end supply chain.
Companies can focus on win-win-win strategies to impact people, profit, and the planet with supply chain strategies that reduce packaging, modify materials, improve processes, and reduce transportation and logistics costs.
If companies can minimize packaging without affecting product quality, they can directly influence the bottom line by reducing materials and waste while increasing efficiency, effectiveness, and profitability.
The global supply chain is out of alignment with no simple or quick fix to re-balance and right size it. However, successful inventory management can help companies grow and thrive during these challenging times.