[ INSIGHT ] SCRESILIENCY
by Pierre Erasmus Integrated Business Planning Lead, Capgemini Americas pierre.erasmus@capgemini.com | 415-659-0250
3Ways to Build a Resilient Supply Chain After nearly two years of pandemic-related disruptions wreaking havoc, business leaders are learning from the past and looking to the future of supply chain management. core competencies and ll their gaps. Unlike partnerships though, M&A deals are de nitive and thus require a more detailed vetting process. Both partnerships and M&A deals allow companies to share
capabilities and bolster supply chains. 3. Operationalize supply chain sustainability. In recent years, both the public and private sectors have increas- ingly prioritized sustainability initiatives. Consumer product goods companies have led the private sector’s adoption of greener practices, and the business world has taken note. Organizations across industries would be wise to turn to environmental best practices to fortify their supply chains. By introducing green tactics into their supply chain strategies enterprises can become more resilient in the highly disruptive new normal. Organizations should also revamp their overarching supply chain strate- gies to emphasize more agile, sustainable planning. For instance, supply chain plan- ning measures that utilize algorithms to prioritize better transportation routes or manufacturing operations can help lower carbon emissions while also optimizing supply chain operations. Though it may mean more time or money spent in the short term, organizations will reap the rewards of resilient supply chain management in the long term. n
anomalies that trigger demand uctua- tions and signals. Although overhauling supply chains may seem like a monumental task, enter- prises can begin to chip away at their digital transformation agendas if they are properly managed. To do so, organi- zations must implement short proofs of concept and strong organizational change management practices. By running the broader adoption program in incremental steps, companies can better launch each new offering and thus quickly gain value once it’s adopted at scale. 2. Join the shared-based economy. Many leaders are turning to contractual supply chain collaborations to bolster weakened supply chains. By utilizing web-based planning tools and sharing certain components of their infrastructures among an organized network of partners, companies can shoulder each other’s burdens and provide needed reprieve in their given issue areas—whether manufacturing, logistics, or transportation. This requires leaders to carefully identify core competencies and gaps before selecting partners. Alternatively, leaders can look to merg- ers and acquisitions to expand their
Companies across industries are attempting to meet the moment and replace legacy supply chain practices with more dynamic tactics to prepare for the next wave of volatility. But few orga- nizations know where to start. To truly become resilient in the new normal, enterprises have to develop bold strategies that holistically identify gaps and prioritize intelligent supply chain solutions. In doing so, leaders can ensure their supply chains are reactive to sudden changes and proactive before a disruption even hits, saving both time and money. Here are three tactics to get started on the road to supply chain resiliency. 1. Optimize technology. To keep pace with the evolving market, leaders can introduce a variety of tools and plat- forms throughout their supply chains. Perhaps the most essential solution organizations must increasingly utilize are control towers. These dashboards, enabled with predictive analytics, allow different functional areas within and out- side an organization to anticipate supply chain risks in real time. Similarly, machine learning capa- bilities will be central to maintain agile supply chains, identifying data
76 Inbound Logistics • January 2022
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