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Logility's Monthly Roundup of Supply Chain Trends & News
There’s been no let-up in speculation over an imminent global recession since last month’s newsletter. On the one hand, many households still have considerable purchasing power and jobs are growing in parts of the world. On the other, the war in Ukraine is ongoing, there’s uncertainty and now unrest in China, and there’s nagging inflation across the globe. As always, supply chain professionals must plan for every outcome.
In this issue: the holiday inventory glut and 2023 predictions, support for an S&OP makeover, McKinsey’s view of the digital twin, and IDC’s latest perspective on supply chain planning solutions.
Inflation and Recession, Challenges with China, Knowing Your
N-Tier Suppliers, More ESG Rules
Top Supply Chain Trends Heading Into 2023
It’s the time of year when corporate leaders will soon disappear into strategic planning meetings for 2023. This article from Forbes suggests what they should be discussing when the topics of supply chain planning and risk management are raised, and we wholeheartedly agree.
Holiday Hangovers: Retailers Seek to Clear Out Inventory Piles as the Season Ramps Up
We chose this article as we see supply and demand disruptions continuing to create significant inventory imbalances in the retail sector. And markdowns aren’t the only pain point for retailers. While logistical snarls have eased since last year, companies still face elevated supply chain costs from higher fuel prices, wages and warehousing rates. Profits will take a hit in the near term, and some sectors will suffer more than others.
Podcast | The Reinvention of Sales and Operations Planning
While the monthly or quarterly cadence may indeed seem incapable of dealing with the rapid changes businesses encounter today, Sales and Operations Planning (S&OP) remains a valuable tool. But it needs to be updated. In this podcast, Logility’s Lachelle Buchanan, vice president of product marketing, explains how S&OP can be adapted to address modern supply chain challenges.
Much More Than a Simple Simulation or a CAD Drawing
Digital Twins: What Could They Do for Your Business?
The phrase ‘digital twin’ has become something of a “buzzword” over time.Our clients have been asking questions about digital twins and their benefits for many years.
In this article, McKinsey experts discuss what digital twins are, and what they are not, as well as the two key conditions for implementing a digital twin in your business and the results you can expect.
Helping Guide the Transition to New Business Models
IDC MarketScape 2022 Vendor Assessment Models on Supply Chain Planning
“[M]odern supply chain capabilities can enable more efficient and effective business approaches to better handle challenges and disruptions and support new business models that translate directly to business performance that is tangible and measurable. In IDC's 2022 Supply Chain Survey, one of the more persistent and problematic gaps identified by supply chain practitioners was that a lack of digital competencies limits the ability to transition the supply chain to new business models.”
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