Cost savings has been the number-one priority for heads of procurement and finance across industries. Unfortunately, there is a common misconception that this must be achieved through lean, just-in-time processes and a focus on limited inventory.
While there aren’t many quick fixes when it comes to mitigating global disruption, leaders can use solutions that directly address the biggest weaknesses in the supply chain that were highlighted as a result of the COVID-19 outbreak: demand, labor, and energy.
Sree Singaraju, Senior Vice President, AI & Cloud Solutions, Mobiquity
Retailers can use these three practical tips to successfully execute their digital transformation: Make digital moves your strategy centerpiece, connect systems to please customers, and enable a touchless experience.
Edwin Bosso, Founder and CEO, Myrtle Consulting Group
To capitalize on what they’ve learned, transform, and thrive in a post-COVID world, supply chain leaders should focus on these five pillars: people, finances, decision-making, infrastructure, and customers.
What the food supply chain community learned from the COVID-19 pandemic crisis was that having the right technologies implemented was the difference between days or weeks to reroute, reschedule, repack, and reorganize goods to ensure delivery at a pre-COVID-19 standard.
Ron Grove, EY Americas Digital Fulfillment Solution Leader
As businesses slowly recover following COVID-19 fulfillment and distribution centers can't simply flip a switch and return to normal operations. Reopening will require a rigorous methodology backed by data and analytics, and creative thinking about how to leverage existing technology in the workplace.
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