To advance your career, make yourself uncomfortable
If you want to advance your career, you will need to come to terms with your discomfort zones by first admitting that you have them and then by taking action to better understand them.
Do you have a comfortable pair of old shoes in your closet? You know what I'm talking about: your favorite pair, the shoes that fit like no other. We all have a pair of those shoes, and some of us have more than one.
Now think about your top skills and talents, and about the way you work. Are there activities and thought processes that come naturally to you, that feel comfortable and familiar—just like your favorite shoes? In my company's coaching practice, we refer to these psychological "old shoes" as "comfort zones." Comfort zones are the areas in our professional lives where we feel the most confident, knowledgeable, competent, and motivated. They are the areas where we have experienced the most success. As a supply chain management professional, your comfort zones might include analytical activities, negotiating with suppliers, and executing cost-reduction plans.
It's natural to tend to migrate toward your comfort zones. After all, that is where you have real influence and a demonstrated track record. However, focusing on comfort zones to the exclusion of less familiar areas carries a risk: you may stop learning and unintentionally limit your career options. It is also likely that you eventually will become bored and that your professional life will become less satisfying.
That is why it's important to devote more attention to areas where you may be less comfortable and confident. Uncomfortable areas might include: sales and customer interaction, financial discussions, people development, team building, and business strategy. You may also be uncomfortable around certain personalities, especially those that are different from your own. For instance, you might strongly prefer to collaborate with analytical, somewhat introverted individuals and shy away from more conceptual and emotive people.
These "discomfort" zones can seem mysterious, awkward, or even scary. When we are conscious of them, we may feel uninterested or even resistant to exploring them. When we are not conscious of them, they become "blind spots," or weaknesses we are unaware of. Since we don't know blind spots exist, we must rely on people who know us well and are willing to be brutally honest to point them out.
Addressing discomfort zones
People tend to avoid discomfort zones because they create a feeling of vulnerability. Most people, in fact, engage in this or some other form of denial because they don't always like to admit that there are things they don't know or understand.
But if you want to advance your career, you will need to come to terms with your discomfort zones by first admitting that you have them and then by taking action to better understand them. You may even need to force yourself into what feels like foreign territory.
This doesn't mean that you must aim for the same level of competency in uncomfortable areas as you have in your comfort zones. Rather, it means that you should work toward achieving greater understanding and mastery than you have today. It also implies the need to build relationships with people who are willing to teach you what they know.
The following true story offers an example of how moving beyond your comfort zones can strengthen your qualifications and capabilities. We worked with a vice president of supply chain who came to realize that strategy development was a blind spot for him. He wasn't aware of it until it came up for discussion during a coaching session. "You don't seem to be at all visible when corporate-level strategies are being developed and debated," his coach said. "How do you manage to avoid them?" After some reflection, our client recognized that he had avoided participating in strategic initiatives for most of his career. He had chosen instead to make his subordinates available to provide subject-matter expertise when needed, that way he could stay in the shadows. Moreover, his uncanny ability to develop and execute tactical plans actually insulated him from exposure to strategy initiatives. He was seen as a solid "battlefield officer" who wasn't interested in the more conceptual activity of strategic planning.
Our client decided that he needed to eliminate this blind spot if he was to achieve his career goals. The first thing he did was to pick up the telephone, call his company's chief marketing officer (CMO) and ask for a meeting. Over lunch, they discussed the coming year's strategic planning cycle. He asked many questions about the process and how he might participate. The meeting went so well that the CMO offered to be his "strategy mentor." Ultimately, the supply chain executive's participation in the strategic planning process led to a significant insight regarding the configuration of his company's value chain, which earned him the right to present a portion of the strategic plan to the board of directors. All of these experiences helped him to become a multidimensional executive who achieved greater visibility within his company.
Solicit feedback, then act
Here's a simple exercise that will help you to identify your comfort zones and discomfort zones. Take out a sheet of paper and draw a vertical line down the middle of the page. Title the left side "Comfort Zones" and the right side "Discomfort Zones." Now begin brainstorming what should be in each column. If you are like most people, you will identify your comfort zones fairly quickly; uncomfortable areas are more challenging to define.
When you believe your list is complete, think of three people you could talk to (confidentially) about your thoughts. In the next 30 days, sit down with each of those individuals and solicit their "unvarnished" feedback on the items you placed in both columns. Ask: "Does this look right based on what you know about me? Is anything missing?"
Once you have identified some blind spots, choose one you believe is important and find an ally who has the expertise, experience, and interest in helping you to overcome that weakness. You will be surprised how generous most executives will be with their time and support. Leaders like to coach others.
Make a commitment today to "break in a new pair of shoes" by spending more time outside of your comfort zones. While it may be difficult for you in the beginning, the payoff will be well worth the effort.
The practice consists of 5,000 professionals from Accenture and from Avanade—the consulting firm’s joint venture with Microsoft. They will be supported by Microsoft product specialists who will work closely with the Accenture Center for Advanced AI. Together, that group will collaborate on AI and Copilot agent templates, extensions, plugins, and connectors to help organizations leverage their data and gen AI to reduce costs, improve efficiencies and drive growth, they said on Thursday.
Accenture and Avanade say they have already developed some AI tools for these applications. For example, a supplier discovery and risk agent can deliver real-time market insights, agile supply chain responses, and better vendor selection, which could result in up to 15% cost savings. And a procure-to-pay agent could improve efficiency by up to 40% and enhance vendor relations and satisfaction by addressing urgent payment requirements and avoiding disruptions of key services
Likewise, they have also built solutions for clients using Microsoft 365 Copilot technology. For example, they have created Copilots for a variety of industries and functions including finance, manufacturing, supply chain, retail, and consumer goods and healthcare.
Another part of the new practice will be educating clients how to use the technology, using an “Azure Generative AI Engineer Nanodegree program” to teach users how to design, build, and operationalize AI-driven applications on Azure, Microsoft’s cloud computing platform. The online classes will teach learners how to use AI models to solve real-world problems through automation, data insights, and generative AI solutions, the firms said.
“We are pleased to deepen our collaboration with Accenture to help our mutual customers develop AI-first business processes responsibly and securely, while helping them drive market differentiation,” Judson Althoff, executive vice president and chief commercial officer at Microsoft, said in a release. “By bringing together Copilots and human ambition, paired with the autonomous capabilities of an agent, we can accelerate AI transformation for organizations across industries and help them realize successful business outcomes through pragmatic innovation.”
Census data showed that overall retail sales in October were up 0.4% seasonally adjusted month over month and up 2.8% unadjusted year over year. That compared with increases of 0.8% month over month and 2% year over year in September.
October’s core retail sales as defined by NRF — based on the Census data but excluding automobile dealers, gasoline stations and restaurants — were unchanged seasonally adjusted month over month but up 5.4% unadjusted year over year.
Core sales were up 3.5% year over year for the first 10 months of the year, in line with NRF’s forecast for 2024 retail sales to grow between 2.5% and 3.5% over 2023. NRF is forecasting that 2024 holiday sales during November and December will also increase between 2.5% and 3.5% over the same time last year.
“October’s pickup in retail sales shows a healthy pace of spending as many consumers got an early start on holiday shopping,” NRF Chief Economist Jack Kleinhenz said in a release. “October sales were a good early step forward into the holiday shopping season, which is now fully underway. Falling energy prices have likely provided extra dollars for household spending on retail merchandise.”
Despite that positive trend, market watchers cautioned that retailers still need to offer competitive value propositions and customer experience in order to succeed in the holiday season. “The American consumer has been more resilient than anyone could have expected. But that isn’t a free pass for retailers to under invest in their stores,” Nikki Baird, VP of strategy & product at Aptos, a solutions provider of unified retail technology based out of Alpharetta, Georgia, said in a statement. “They need to make investments in labor, customer experience tech, and digital transformation. It has been too easy to kick the can down the road until you suddenly realize there’s no road left.”
A similar message came from Chip West, a retail and consumer behavior expert at the marketing, packaging, print and supply chain solutions provider RRD. “October’s increase proved to be slightly better than projections and was likely boosted by lower fuel prices. As inflation slowed for a number of months, prices in several categories have stabilized, with some even showing declines, offering further relief to consumers,” West said. “The data also looks to be a positive sign as we kick off the holiday shopping season. Promotions and discounts will play a prominent role in holiday shopping behavior as they are key influencers in consumer’s purchasing decisions.”
That result came from the company’s “GEP Global Supply Chain Volatility Index,” an indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses. The October index number was -0.39, which was up only slightly from its level of -0.43 in September.
Researchers found a steep rise in slack across North American supply chains due to declining factory activity in the U.S. In fact, purchasing managers at U.S. manufacturers made their strongest cutbacks to buying volumes in nearly a year and a half, indicating that factories in the world's largest economy are preparing for lower production volumes, GEP said.
Elsewhere, suppliers feeding Asia also reported spare capacity in October, albeit to a lesser degree than seen in Western markets. Europe's industrial plight remained a key feature of the data in October, as vendor capacity was significantly underutilized, reflecting a continuation of subdued demand in key manufacturing hubs across the continent.
"We're in a buyers' market. October is the fourth straight month that suppliers worldwide reported spare capacity, with notable contractions in factory demand across North America and Europe, underscoring the challenging outlook for Western manufacturers," Todd Bremer, vice president, GEP, said in a release. "President-elect Trump inherits U.S. manufacturers with plenty of spare capacity while in contrast, China's modest rebound and strong expansion in India demonstrate greater resilience in Asia."
Even as the e-commerce sector overall continues expanding toward a forecasted 41% of all retail sales by 2027, many small to medium e-commerce companies are struggling to find the investment funding they need to increase sales, according to a sector survey from online capital platform Stenn.
Global geopolitical instability and increasing inflation are causing e-commerce firms to face a liquidity crisis, which means companies may not be able to access the funds they need to grow, Stenn’s survey of 500 senior e-commerce leaders found. The research was conducted by Opinion Matters between August 29 and September 5.
Survey findings include:
61.8% of leaders who sought growth capital did so to invest in advanced technologies, such as AI and machine learning, to improve their businesses.
When asked which resources they wished they had more access to, 63.8% of respondents pointed to growth capital.
Women indicated a stronger need for business operations training (51.2%) and financial planning resources (48.8%) compared to men (30.8% and 15.4%).
40% of business owners are seeking external financial advice and mentorship at least once a week to help with business decisions.
Almost half (49.6%) of respondents are proactively forecasting their business activity 6-18 months ahead.
“As e-commerce continues to grow rapidly, driven by increasing online consumer demand and technological innovation, it’s important to remember that capital constraints and access to growth financing remain persistent hurdles for many e-commerce business leaders especially at small and medium-sized businesses,” Noel Hillman, Chief Commercial Officer at Stenn, said in a release. “In this competitive landscape, ensuring liquidity and optimizing supply chain processes are critical to sustaining growth and scaling operations.”
With six keynote and more than 100 educational sessions, CSCMP EDGE 2024 offered a wealth of content. Here are highlights from just some of the presentations.
A great American story
Author and entrepreneur Fawn Weaver closed out the first day of the conference by telling the little-known story of Nathan “Nearest” Green, who was born into slavery, freed after the Civil War, and went on to become the first master distiller for the Jack Daniel’s Whiskey brand. Through extensive research and interviews with descendants of the Daniel and Green families, Weaver discovered what she describes as a positive American story.
She told the story in her best-selling book, Love & Whiskey: The Remarkable True Story of Jack Daniel, His Master Distiller Nearest Green, and the Improbable Rise of Uncle Nearest. That story also inspired her to create Uncle Nearest Premium Whiskey.
Weaver discussed the barriers she encountered in bringing the brand to life, her vision for where it’s headed, and her take on the supply chain—which she views as both a necessary cost of doing business and an opportunity.
“[It’s] an opportunity if you can move quickly,” she said, pointing to a recent project in which the company was able to fast-track a new Uncle Nearest product thanks to close collaboration with its supply chain partners.
A two-pronged business transformation
We may be living in a world full of technology, but strategy and focus remain the top priorities when it comes to managing a business and its supply chains. So says Roberto Isaias, executive vice president and chief supply chain officer for toy manufacturing and entertainment company Mattel.
Isaias emphasized the point during his keynote on day two of EDGE 2024. He described how Mattel transformed itself amid surging demand for Barbie-branded items following the success of the Barbie movie.
That transformation, according to Isaias, came on two fronts: commercially and logistically. Today, Mattel is steadily moving beyond the toy aisle with two films and 13 TV series in production as well as 14 films and 35 shows in development. And as for those supply chain gains? The company has saved millions, increased productivity, and improved profit margins—even amid cost increases and inflation.
A framework for chasing excellence
Most of the time when CEOs present at an industry conference, they like to talk about their companies’ success stories. Not J.B. Hunt’s Shelley Simpson. Speaking at EDGE, the trucking company’s president and CEO led with a story about a time that the company lost a major customer.
According to Simpson, the company had a customer of their dedicated contract business in 2001 that was consistently making late shipments with no lead time. “We were working like crazy to try to satisfy them, and lost their business,” Simpson said.
When the team at J.B. Hunt later met with the customer’s chief supply chain officer and related all they had been doing, the customer responded, “You never shared everything you were doing for us.”
Out of that experience, came J.B. Hunt’s Customer Value Delivery framework. The framework consists of five steps: 1) understand customer needs, 2) deliver expectations, 3) measure results, 4) communicate performance, and 5) anticipate new value.
Next year’s CSCMP EDGE conference on October 5–8 in National Harbor, Md., promises to have a similarly deep lineup of keynote presentations. Register early at www.cscmpedge.org.