Thinking about becoming a mentor? Here are some guidelines for developing and maintaining a successful relationship that will benefit both mentor and mentee.
Over the course of my career, I have been the beneficiary of the wise counsel, constructive criticism, and honest feedback of several mentors—both formal and informal. It has made a big difference in both tangible ways (position and compensation) and intangible ways (sense of purpose and confidence). Once I reached a certain point in my career, I was faced with the choice of whether to be a mentor myself. It was time to give back.
But mentoring is a big commitment, and there were a lot of issues to consider before I agreed to do it. If you are thinking about becoming a mentor, you'll want to give careful consideration to these issues, too.
The most obvious one is time. You will need to commit to seeing the mentee often enough to build a healthy, trusting relationship. But finding time in an already packed schedule to meet at regular intervals is a challenge. Are you willing to make the hard choices that will be necessary to find that much time?
You must also consider your willingness to share your knowledge and experience. You will need to be honest about the successes and the failures that led you to be where you are today. Your mentee does not need to know everything about your personal history, but you do have to be willing to open up. Sharing with a mentee is not always limited strictly to business talk. Some of the most powerful mentoring conversations are about the intersection of business and personal life. Being forthright about the work/life balance choices you made, and why you made them, personalizes the discussion.
However, you must be willing to admit fallibility. Mentoring sessions are not opportunities for you to pontificate about "When I was your age..." or for dictating actions; rather you should relate your experiences in similar situations. Of course, we all hope others can learn from our mistakes, so it can be helpful to talk about what you wish you had done differently.
Making a good match
If you feel you can make the commitment, then find a mentee who is compatible with you and with whom you feel comfortable. While you should look for someone with whom you have "chemistry" (that is, you have similar ways of thinking and feel a sense of camaraderie), it is best not to mentor someone who is too much like you. Differences spark discussions. When there are differences, there is greater potential for mutual learning. In the best mentoring relationships, the mentor learns too.
You and your mentee should also establish some rules at the beginning of the relationship. Come to an understanding about how frequently you will meet. It should be often enough that the relationship feels comfortable, the conversation flows freely, and the business issues are fresh. If visits are too far apart, you will spend too much time revisiting old issues. If the meetings are too frequent, however, there will not be enough to discuss. As the relationship matures, the frequency can change.
Ideally, these meetings should take place in person and in a setting—either an office or conference room, or offsite—that is comfortable for both parties. But mentoring meetings do not always have to be in person. I have enjoyed very successful mentoring relationships that occurred strictly over the telephone and through video conferencing.
In addition to regular meetings, set up a policy about contact between meetings. If something comes up that the mentee wants to discuss and time is of the essence, would you be willing to have an impromptu meeting? Would you mentor through a crisis in real time? Or would you prefer the mentee to use the skills you have worked on together to get through this on his or her own, and then discuss how well he or she managed at the next meeting?
Confidentiality must also be discussed up front. If you're a mentor through a company-sponsored program, you don't have to worry about giving away proprietary information. However, you will be discussing issues that are sensitive to the mentee. Furthermore, you will be sharing some details of your personal life. Be sure you know your company's policy on confidentiality. Will you be required to share any of your conversations with the mentee's boss? With human resources? What will you want the mentee to keep confidential? Be sure to establish clear rules at the very beginning of your relationship.
How to be a good mentor
What makes a good mentor? The same qualities that make a good leader. First and foremost, you must be a good listener. You have set aside this time; now you need to stop thinking about the work you left on your desk and focus on the person across the table. Listen, ask questions, and then listen some more. As a mentor, you will spend much more time listening than talking.
Be a role model. Part of your job as a mentor is to show the mentee how to conduct this type of relationship. Be on time for your meetings. Be prepared by refreshing your memory about the previous meeting prior to the new one. Ask follow-up questions about the previous meeting's conversation and action plan. If any "to do" items come out of your meetings, be sure to do them. Honor your word, and expect that your mentee will honor hers or his. When speaking of others, be constructive, not negative or derogatory. If you are mean-spirited toward those not present, your mentee will wonder how you speak of him or her in a similar situation.
Be honest. Give feedback and criticism, but give it constructively. Mentors hear things from co-workers about their mentees that may not mesh with what the mentees are telling them. You need to gently bring up the differing viewpoint so the mentee can see how he or she is being perceived by others. This is a safe relationship in which the mentee can examine with you why some missteps occur, and how they might be rectified now and avoided in the future. You can deliver hard feedback because you also provide an open and caring forum for dealing with it.
Honesty should be a two-way street. Recognize, however, that your mentee may not be comfortable criticizing you. You should periodically ask, "How is this relationship working for you? What can I do better?" Be willing to take criticism as much as you give it.
Be patient. It can be hard to watch mentees make mistakes. No amount of mentoring will spare them from making mistakes. You are helping them to blaze their own path, not to follow in your footsteps. Mistakes will be made. As a mentor, you can help dissect what went wrong, what went right, and what is the "takeaway" message. You get to commiserate with them and then reinvigorate them for the next challenge. Over time, you will help them spot their strengths, weaknesses, and tendencies. There are no quick fixes, only well-earned insights and thoughtful adjustments.
Share the glory. Your mentee will probably require guidance at times that you cannot provide. Whether it is a personal financial advisor, a lawyer, a human resources representative, or a therapist, you should be willing and able to encourage your mentee to find a competent specialist if needed. If it is an internal issue, you can refer the mentee to the appropriate person in the company. If it is external, you can recommend some resources, if you are comfortable doing so. You cannot and should not try to provide guidance in areas beyond your scope and abilities.
Last, be willing to learn. A close, honest relationship with someone who is at a different level of the company can be a learning experience. You can get a true sense of how the corporate culture filters down to the mentee's level. You can find out how information is received and transmitted. You can learn what office "politics" your mentee deals with. You can tune into what aspects of the company appeal to different levels and areas. It can be eye-opening, if you are willing to learn.
If you decide to make a commitment to mentoring, your dividend comes in many forms. You are giving back to another member of the company. You are honing your leadership skills. You are garnering esteem from your colleagues and your mentee while gaining valuable insights and perspectives from a different level of your profession. While you must be prepared to give a great deal, you will end up getting so much in return.
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.”
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.
2024 was expected to be a bounce-back year for the logistics industry. We had the pandemic in the rearview mirror, and the economy was proving to be more resilient than expected, defying those prognosticators who believed a recession was imminent.
While most of the economy managed to stabilize in 2024, the logistics industry continued to see disruption and changes in international trade. World events conspired to drive much of the narrative surrounding the flow of goods worldwide. Additionally, a diminished reliance on China as a source for goods reduced some of the international trade flow from that manufacturing hub. Some of this trade diverted to other Asian nations, while nearshoring efforts brought some production back to North America, particularly Mexico.
Meanwhile trucking in the United States continued its 2-year recession, highlighted by weaker demand and excess capacity. Both contributed to a slow year, especially for truckload carriers that comprise about 90% of over-the-road shipments.
Labor issues were also front and center in 2024, as ports and rail companies dealt with threats of strikes, which resulted in new contracts and increased costs. Labor—and often a lack of it—continues to be an ongoing concern in the logistics industry.
In this annual issue, we bring a year-end perspective to these topics and more. Our issue is designed to complement CSCMP’s 35th Annual State of Logistics Report, which was released in June, and includes updates that were presented at the CSCMP EDGE conference held in October. In addition to this overview of the market, we have engaged top industry experts to dig into the status of key logistics sectors.
Hopefully as we move into 2025, logistics markets will build on an improving economy and strong consumer demand, while stabilizing those parts of the industry that could use some adrenaline, such as trucking. By this time next year, we hope to see a full recovery as the market fulfills its promise to deliver the needs of our very connected world.