GOODQUESTION
SCENARIO PLANNING. Disruptions, from labor strikes to geopolitical tensions, defined the supply
Resilience Tops Priority Lists
chain in 2024 and have become the new normal in operations. Businesses must proactively brace for disruptions via near- and long-term scenario planning. –Ara Ohanian CEO, Netstock DIGITAL TWIN TECHNOLOGY will grab the spotlight as supply chains confront unprecedented complexity and unpredictability. Digital twins will evolve from niche tool to essential asset, enabling companies to simulate and stress- test entire networks, anticipate disruptions, and optimize operations. –Fred Baumann Senior Industry Principal, Kinaxis PREDICTIVE ANALYTICS will lead supply chain conversations, as small businesses leverage it to sharpen demand forecasting. With better planning, businesses can dodge costly surprises, reduce expedited shipping, and avoid overstocking, streamlining their entire supply chain. –Ben Hussey Co-CEO, Katana Cloud Inventory REGULATORY RISK. With an influx of new
Building resilient supply chains involves embracing risk management, diversifying suppliers, and boosting adaptability to handle disruptions. –Kelly Martinez Founder & Co-President, ePost Global Resiliency will be the key supply chain term. As companies adapt to changes like de minimis limits, they’ll notice reliance on a single supply chain strategy or single carrier isn’t always the best option. Cyber resilience will also be crucial as recent attacks have exposed supply chain vulnerabilities. –Maggie Barnett CEO, LVK Supply chain resilience will be top of mind, driven by climate-related disasters, post-pandemic cost-cutting, and political instability. Supply chains will use artificial intelligence models and simulations that predict global disruptions, expose supply chain vulnerabilities, and identify opportunities for value generation. –Matthew Bunce Decision Intelligence Engagement Principal, Aera Technology We’ve seen the impact disruptions like weather events and geopolitical instability can have on global supply chains. We anticipate the continuation of these challenges. By prioritizing proactive risk management and diversifying your supply chain, you can mitigate interruptions in your operations and become resilient.
–John Marrow President, Supply Chain Solutions, RRD
ANTIFRAGILE. Beyond resilience, antifragile supply chains enable companies to adapt, learn, and gain strength from volatility. This approach goes beyond withstanding shocks to actually improving from them. Companies embracing antifragility in their supply chains will be better positioned to thrive amid uncertainty and gain a competitive edge. –LeAnne Hester Chief Product Officer, Resilinc
NATURAL LANGUAGE PROCESSING (NLP) is a technical application that top supply chain companies will be talking about in 2025. Using NLP in email drives efficiency through automation and could be the single biggest value addition in the supply chain tech space in the coming years. –Zach Jecklin Chief Information Officer, Echo Global Logistics
legislation, like the CSDDD and EUFLR, companies are
finding themselves held accountable for where and how their products are made. This heightened focus adds new layers of complexity, pushing organizations to rethink how to anticipate and mitigate risks to ensure long-term growth. –Henry Sherman Product Director, Sayari SUSTAINABILITY. Augmented reality and 3D modeling will drive this focus by reducing returns and waste. They streamline operations, aligning supply chains with the increasing consumer and business demand for sustainable practices. –Angelo Coletta CEO & Founder, Zakeke
Answer upcoming Good Questions at: www.inboundlogistics.com/good-question We’ll feature some responses.
October 2024 • Inbound Logistics 11
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