STABILITY is a word few would use to describe supply chains these past 18 months. In fact, “extreme” is more fitting, considering how overzealous consumer shopping was countered by out-of-control freight costs, shipping delays, port backlogs and retail out of stocks.
Companies aren’t built to thrive in such extreme booms and busts, and while helpful, planning and forecasting tools will only get them so far in these shifting sands. But knowledge creates resilience, and better-informed companies will be better prepared to react and pivot as necessary.
This 2023 State of the Industry Sourcing Report provides a global overview from all angles.