Artificial intelligence. Digitalisation. Transparency. Supply chain management is being rapidly disrupted by technological and social changes. Companies are under increasing demand to respond to the pressure of what’s become known as the ‘Amazon Effect’ – where the goliath is raising expectations of how quickly products can be delivered and how cheaply. A retail study found that nine out of 10 consumers say free shipping is the #1 incentive to shop online while 69 percent of consumers listed one-day delivery as an incentive to shop online more.
As recently as 2017, a typical supply chain accessed 50 times more data than five years earlier. Yet, less than a quarter of this data is being analysed. Supply chain leaders of the future will focus on harnessing the power of this data to understand and predict how external factors affect supply chains in real time – from labour shortages and adverse weather conditions to political unrest and spikes in demand – to maximise operational efficiency and gain a competitive advantage.
Effective supply chain management is becoming increasingly important to reduce the risks associated with off-shoring, outsourcing, inter-dependencies within supply chains and product versatility. Forward-thinking companies are therefore focusing on measures to improve the resilience of their supply chain to mitigate potential risks.
There are a number of established industry associations for supply chain professionals around the globe who are continuously influential and active within the industry. The Chartered Institute of Logistics and Transport (CILT), the UK faction of the professional body representing the transport and logistics industries worldwide (of which HRH the Princess Royal is Patron) recently called on the new Prime Minister Boris Johnson to ensure that the movement of goods and people and their associated supply chains remains frictionless in a post-Brexit world. CSCMP, another preeminent worldwide professional association with an active community in the UK, is dedicated to the advancement and dissemination of research and knowledge on supply chain management, providing its network with information on membership, conferences and other educational opportunities and case studies.
Based in Lombard Street in the City of London, our consultants are specialists in what they do, recruiting top talent for organisations across the supply chain jobs market throughout the UK and Europe.