{"id":4446,"date":"2020-11-26T20:53:02","date_gmt":"2020-11-26T15:23:02","guid":{"rendered":"https:\/\/www.dilx.co\/insights\/?p=4446"},"modified":"2021-06-21T16:41:53","modified_gmt":"2021-06-21T11:11:53","slug":"building-the-supply-chain-of-the-future-today","status":"publish","type":"post","link":"https:\/\/www.dilx.co\/insights\/building-the-supply-chain-of-the-future-today\/","title":{"rendered":"Building the Supply Chain of the Future, Today!"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The COVID-19 pandemic has impacted every industry around the globe in unprecedented ways. It further forced the organisations and governments to take drastic safety measures such as lockdowns and restrictions on people and goods&#8217; movement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The top three supply chain strategies for 2021 are: expanding collaboration with supply chain partners (48%), improving agility to respond to fluctuations in demand (45%), and improving the ability to leverage shopper behaviour data (45%) as per <em>RIS<\/em> Supply Chain Technology Study.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Supply chain agility today needs to be a core part of any business\u2019s operations. The pandemic has confirmed that the supply chains that are agile enough to adapt quickly will survive in these challenging times.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>The Inevitable Repercussions of the Pandemic<\/b><\/p>\n<ul>\n<li><b>Transport and consolidation for sourcing &#8211; <\/b>Managing local quality checks and a steady supply, addressing the transportation capacity bottlenecks and the limited transparency in the overall supply chain<\/li>\n<\/ul>\n<ul>\n<li><b>Warehousing &#8211; <\/b>Limited storage capacity and lack of routine, suboptimal SKU formats and imprecise product information, lack of expertise and sophistication in storage<\/li>\n<\/ul>\n<ul>\n<li><b>Inbound transport &#8211; <\/b>Restricted and volatile freight capacity, extraordinary time pressure, unreliable ETA, lack of traceability<\/li>\n<\/ul>\n<ul>\n<li><b>Customs and regulation &#8211; <\/b>Uncoordinated fast track, certification and qualification of the value chain partners, customary changes, and country variations<\/li>\n<\/ul>\n<ul>\n<li><b>Distribution and last mile &#8211; <\/b>Less transparency on stock levels and demand, Challenging transportation planning, and carrier management<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">While the pandemic has brought forward many challenges, it has also encouraged a more resilient and agile supply chain.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Detangling the Supply chain complexity\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Global supply chains rely on a broad range of digital transportation capabilities across modes. It is not only a highly digitised supply chain but an augmented supply chain that is set to revolutionise the industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.dilx.co\/autonomous-supply-chain-platform\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">augmented supply chain<\/span><\/a><span style=\"font-weight: 400;\"> solutions give you a competitive edge in the current market scenario and future proof your supply chain by preparing your business for the tech of tomorrow \u2013 Voice control, machine learning, 5G tech, immersive reality, blockchain, and more.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>How does Augmented Supply Chain Solutions benefit?<\/b><\/p>\n<ul>\n<li><b>Data-driven Insights<\/b>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Detailed real-time visibility of shipments<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Analytics-driven demand forecast and distributed order management<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Transport Planning, Order Optimization, and Simulation<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A logistics service provider with extensive data capabilities can help overcome the transparency issues experienced during the COVID crisis. Such capabilities allow real-time visibility on shipment status and monitoring, accurate and flexible transport planning, order simulation &amp; business forecasting.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Emergency Action Plan<\/b>\n<ul>\n<li>Demand Sensing:<span style=\"font-weight: 400;\"> Define critical product categories and set-up demand monitoring and forecasting models<\/span><\/li>\n<li>Sourcing: <span style=\"font-weight: 400;\">Predefined <\/span><span style=\"font-weight: 400;\">long and shortlists of suppliers for supply and logistics services<\/span><\/li>\n<li>Procurement:<span style=\"font-weight: 400;\"> Secure with buffer stock and supply at contracted tariffs in advance<\/span><\/li>\n<li>Inbound logistics: <span style=\"font-weight: 400;\">Select best LSP in advance based on required optimum capabilities<\/span><\/li>\n<li>Business Modelling:<span style=\"font-weight: 400;\"> Establish an efficient collaboration model and new normal business modelling principle<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>New Normal Network<\/b>\n<ul>\n<li>Strategic Partnership Models:<span style=\"font-weight: 400;\"> Establish end-to-end supply chain orchestration between manufacturers, logistics service providers, and customers<\/span><\/li>\n<li>Partnerships Among Ecosystem Stakeholders: <span style=\"font-weight: 400;\">Establish supply chain collaborative model<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Digitized Supply Chain<\/b><\/li>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Data sharing:<span style=\"font-weight: 400;\"> Adapt existing solutions to set up a logistics data sharing platform<\/span><\/li>\n<li>Data collection: <span style=\"font-weight: 400;\">Fortify timely, accurate, and standardised data collection<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Augmented, Data-driven and completely digitalized supply chains are the response to the massive disruptions like the COVID-19 pandemic.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The COVID-19 pandemic has impacted every industry around the globe in unprecedented ways. It further forced the organisations and governments to take drastic safety measures such as lockdowns and restrictions on people and goods&#8217; movement.\u00a0 The top three supply chain strategies for 2021 are: expanding collaboration with supply chain partners (48%), improving agility to respond&nbsp;<\/p>\n<p><a class=\"btn btn-style\" href=\"https:\/\/www.dilx.co\/insights\/building-the-supply-chain-of-the-future-today\/\">Continue Reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":4336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[276,208,267,274,196,275],"class_list":["post-4446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-white-papers","tag-digital-logistics-engineering","tag-digital-logistics-innovations","tag-digital-logistics-solutions","tag-logistics-innovation","tag-supply-chain","tag-supply-chain-innovation"],"acf":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/posts\/4446"}],"collection":[{"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/comments?post=4446"}],"version-history":[{"count":16,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/posts\/4446\/revisions"}],"predecessor-version":[{"id":4463,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/posts\/4446\/revisions\/4463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/media\/4336"}],"wp:attachment":[{"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/media?parent=4446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/categories?post=4446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/tags?post=4446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}