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Logility's Monthly Roundup of Supply Chain Trends & News
Two consecutive quarters of negative GDP growth is often quoted as sufficient evidence that a recession will occur. It might seem a superficial measure, but it has the advantage of being short, clear and often accurate. Organizations like the National Bureau of Economic Research are poised to tell us when the U.S. entered a recession, although their measurements can be thought of as lagging indicators.
Technicalities aside, it’s time to examine the effects of a potential economic downturn on your supply chain and what you can do about them. We’d like to share three perspectives on how recessionary pressures influence supply chains: a discussion of a downturn’s likely impact on supply chains, how this downturn differs from those in the recent past, and an appealto refuse to “just let things take their course”.
Supply Chain Disruption Playbook
3 Ways the Economic Downturn Will Impact the Supply Chain
If your business takes steps now to make your supply chain more flexible and adaptable, such as embracing a more data-driven operating philosophy and investing in modern technology, you can do more than survive. You can emerge from an economic downturn with a lasting competitive advantage.
Supply Chain Leaders, It's Time to Rethink Your Recession Playbook
Gartner notes that, if it happens, the next recession will be different from past recessions in two important ways: risk readiness and market dynamics. Gartner recommends using the drop in demand as an opportunity to rebalance demand with supply and prepare the supply chain for continued volatility.
Adding Short-Term Precision to Long-Term Demand Planning
Effective Demand Planning in the Modern, Messy World Requires New Ways of Thinking and Doing
In an era of interconnected markets constantly challenged by disruptions large and small, traditional demand planning methods are failing. Thankfully, new approaches underpinned by modern technologies are gaining traction. Asartificial intelligence and machine learning capabilities are more frequentlydeployed, forecasting methods such as demand sensing and causal forecasting offer opportunities to respond to demand fluctuations in near realtime.
How to Build Geopolitical Resilience Amid a Fragmenting Global Order
Companies should build resilience by simultaneously balancing short- and long-term priorities. Current plans should include creating a “nerve center” for the supply chain and assessing the strength of your network out to the Nth supplier.
To achieve long-term operational resilience, McKinsey & Co. recommends building a “digital twin” of your supply chain, thereby enabling rapid scenario testing and network optimization strategies.
Workwear Outfitters, LLC Joins the Logility Client Community
Workwear Outfitters — the world’s leading supplier of innovative work apparel — selected the Logility® Digital Supply Chain Platform to modernize its technology stack and transform its end-to-end supply chain. “Logility stood out to us because of their deep industry expertise and understanding of our business,” said Phil Byerly, vice president of operations.
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