What do Disney, Dell, Boeing and PepsiCo have in common? They’re all worried about their supply chains. They, along with 40 other big-name companies, attended a Supply Chain Forum in Knoxville, Tenn. in April to discuss solutions to urgent supply chain issues. A record number of business executives (146) were at the event.
With gas prices staying stubbornly high and the economy struggling to keep growing, business leaders are understandably concerned about the future. That’s why they talked about new trends in supply chain management, as well as how to hire the right employees and keep their supply chains running smoothly.
Supply chains are a business’ veins, pumping fresh products to warehouses, retail stores and, ultimately, customers. If supply chains continue to get more expensive, or if they suffer delays or clogs, they could cripple a company.
You can bet that businesses large and small are looking for ways to keep a close eye on their supply chains. One of the best ways to do this is to use supply chain management software. With it, business leaders can quickly spot historic trends in consumer demand and plan their operations accordingly. This helps them avoid overstocking on unpopular items and stay ahead of the competition.
You don’t have to run an international company to see how supply chain management can make or break your business.