Inefficiencies in the Global Supply Chain
Inefficiencies in the Global Supply Chainx Global supply chains are being rebuilt and the companies that rethink their operations now will be better prepared for the customer of tomorrow. In this Supply Chain Byte, Lisa Anderson discusses a recent Fortune interview with FedEx CEO Raj Subramaniam, who highlighted $1.8 trillion in inefficiencies across the global supply chain. His key points reinforce what manufacturers should be thinking about now: supply chains are being rebuilt, AI’s greatest value is optimizing operations rather than replacing people, and transformation requires alignment across strategy, technology, operations and culture. Lisa explains why manufacturers should begin rethinking their supply chains — from implementing SIOP to considering reshoring, nearshoring, and stronger strategic partnerships – to improve performance, profitability and customer responsiveness. [embedded content] The three key points we should take away from the interview are on...