Invest in Your Internal Supply Chain, the Cardiovascular System of Any Organisation.
Can you prepare your supply chain for the uncertainty ahead?
Challenges in both inflation and the economy can take their toll on your supply chains.
Keep in mind that these effects also depend on other economic factors, the specifics of the industry, and the strategies adopted by the business in question.
Also, not all inflation is bad for manufacturers – some amount of inflation is generally considered a sign of a healthy economy and can encourage spending and investment.
The key lies in navigating and adapting to the changes effectively.
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"The increased use of data and analytics has enabled manufacturers to gain insights into customer needs and trends, allowing them to develop products and services that are more tailored to their customers’ needs. This has had a positive effect on their bottom line. However, the resultant complexity of their supply chain has also led to increased costs and inefficiencies, which can lead to a competitive disadvantage."