The Supply chain industry is continuously evolving. Therefore, it can be more challenging for firm directors and supply chain managers to stay on top. So, this year, instead of responding, companies will be proactive and stay in front of the global supply chain disruption with these top supply chain trends to examine in 2022.
Let's dive into the article to see what are the latest trends in supply chain management.
The need for cybersecurity has increased with the boom in e-commerce. Cybersecurity is essential for protecting networks from cyber-attacks, which continue to be a threat to supply chains globally. This interconnectedness with manufacturers, consumers, and supply chains can unintentionally expose each other and their customers to privacy breaches, identity theft, and more. In 2022, companies should expect to cooperate when safeguarding networks, people, and programs.
The omnichannel solution has permitted companies to diversify and not depend on one supplier. Omnichannel solutions grew into one of the most elevated supply chain trends that supply chain management adjusted to fulfill the new way of shopping. As a result, supply chain leaders are searching for new ways of distribution, which has leaders expanding and using multiple sales channels.
Resiliency is a vital supply chain trend in 2022. Labor shortages, capacity limits, and raw material backlogs force companies to find new ways.
Let's look at how companies boost the resiliency of their supply chain?
Based on the studies Resilient supply chain with agility, diversification, and contingency planning. Agility permits companies to increase and decrease production at any moment and set up new channels for distribution. Diversification describes the abundance and flexibility of the suppliers for certain products, which means having multiple suppliers for various products. Finally, contingency planning is a course of action designed to help an organization respond to an event that may or may not happen. It will result in suppliers having fewer seen and unforeseen disruptions.
Supply chain visibility is the key for supply chains to help them with uncontrollable factors like shortages and backlogs constantly arising. It allows companies to tell the end consumers if their packages are delayed and give them an exact location and new delivery date.
Digitalization is a critical element that will help with resilience and visibility in supply chains. In addition, digitized networks utilize technology to improve workflow and data collection, making challenges for supply chain leaders for both talent and data infrastructures. This supply chain trend will tempt new talent while reducing worker shortages and enhancing current employees' productivity and decision-making.
