Skip to content
Search AI Powered

Latest Stories

Look to your leaders

As we enter the new year, it is time to pause and review with your fellow supply chain leaders the lessons and takeaways of 2020 and the COVID pandemic.

Who could’ve predicted that 2020 would bring such unforecasted pivots and unimaginable challenges? That supply chain professionals would have to respond to a crisis that had a global impact on supply, demand, and people while also adapting to an influx of new technologies? 

2020 delivered another year of change, innovation, and growth for supply chains. The COVID pandemic has lasted longer than anyone could have imagined, and throughout it, our supply chains, I believe, have shown resilience. Here in the U.S., there were shortages of many different products early on, as millions of Americans shifted to working and learning from home. Instead of consuming food and paper goods in schools and restaurants, they began shopping from home. That huge shift in demand was met by our supply chains, which exhibited the resilience to get back in business and minimize disruption. 


The experiences of the past nine months are undoubtedly shaping how organizations and professionals alike are planning for the year ahead. Savvy supply chain professionals are learning from the past to prepare for events in the future. Last year certainly provided opportunities for learning and improvement, even for all of us that have been in supply chain for decades. We've never seen anything like this, but certainly we will learn from it. We will develop new partners, and we will move ahead with even more resilient, flexible, and agile supply chains all around the world. 

What are the lessons I take away from last year? First, all the professionals in supply chain management know they need to be ready for the unexpected, to prepare for scenarios that are unlikely, and to respond with agility and flexibility to ensure our customers are served. And yes, at the lowest possible total delivered cost, which is one of the main foundations of modern-day supply chain management. Together, as we start 2021, look at your supply chains and the magnificent people who lead and manage them. Review with them the takeaways and lessons from the past year. Examine the unique opportunities and ways of serving customers that were born out of necessity and determine if they can be employed and leveraged in the new year. Appreciate that the creativity your people showed in responding to the unpredictable may have resulted in a new way of doing business. 

A new year allows for reflection. Take the good from last year and start with optimism this year, remembering that people are the most important aspect in any supply chain. While tools and technology will always be evolving and available, leadership is difficult to replace. We have seen significant leadership throughout this pandemic. It is always the people that make it happen. Stay connected with your teams, industry peers, and the supply chain community. Tap into CSCMP, your professional association, for a network of peers that can support and inspire you through good times and bad. Invest the time to engage and make the most of opportunities like CSCMP’s annual EDGE conference and local roundtable events. You will make contacts that will be there when you need them; you will be a friend, peer, and business resource for others. 

Stay connected with your professional association, CSCMP. We remain unwavering and dedicated in our mission to advance our discipline and your career. We wish you well. 

 

Recent

More Stories

photos of grocery supply chain workers

ReposiTrak and Upshop link platforms to enable food traceability

ReposiTrak, a global food traceability network operator, will partner with Upshop, a provider of store operations technology for food retailers, to create an end-to-end grocery traceability solution that reaches from the supply chain to the retail store, the firms said today.

The partnership creates a data connection between suppliers and the retail store. It works by integrating Salt Lake City-based ReposiTrak’s network of thousands of suppliers and their traceability shipment data with Austin, Texas-based Upshop’s network of more than 450 retailers and their retail stores.

Keep ReadingShow less

Featured

minority woman with charts of business progress

Study: Inclusive procurement can fuel economic growth

Inclusive procurement practices can fuel economic growth and create jobs worldwide through increased partnerships with small and diverse suppliers, according to a study from the Illinois firm Supplier.io.

The firm’s “2024 Supplier Diversity Economic Impact Report” found that $168 billion spent directly with those suppliers generated a total economic impact of $303 billion. That analysis can help supplier diversity managers and chief procurement officers implement programs that grow diversity spend, improve supply chain competitiveness, and increase brand value, the firm said.

Keep ReadingShow less
Logistics industry growth slowed in December
Logistics Managers' Index

Logistics industry growth slowed in December

Logistics industry growth slowed in December due to a seasonal wind-down of inventory and following one of the busiest holiday shopping seasons on record, according to the latest Logistics Managers’ Index (LMI) report, released this week.

The monthly LMI was 57.3 in December, down more than a percentage point from November’s reading of 58.4. Despite the slowdown, economic activity across the industry continued to expand, as an LMI reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less
cargo ships at port

Strike threat lingers at ports as January 15 deadline nears

Retailers and manufacturers across the country are keeping a watchful eye on negotiations starting tomorrow to draft a new contract for dockworkers at East coast and Gulf coast ports, as the clock ticks down to a potential strike beginning at midnight on January 15.

Representatives from the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) last spoke in October, when they agreed to end a three-day strike by striking a tentative deal on a wage hike for workers, and delayed debate over the thornier issue of port operators’ desire to add increased automation to port operations.

Keep ReadingShow less
women shopping and checking out at store

Study: Over 15% of all retail returns in 2024 were fraudulent

As retailers enter 2025, they continue struggling to slow the flood of returns fraud, which represented 15.14%--or nearly one-sixth—of all product returns in 2024, according to a report from Appriss Retail and Deloitte.

That percentage is even greater than the 13.21% of total retail sales that were returned. Measured in dollars, returns (including both legitimate and fraudulent) last year reached $685 billion out of the $5.19 trillion in total retail sales.

Keep ReadingShow less