“ Lightning-fast speeds should not be the ultimate measure of a successful supply chain ,” he says . “ Rather , the target should be hyper-connectivity with suppliers , and the inherent resilience that comes with this .”
Baader adds : “ While the global supply chain continues to struggle with new demand patterns , looming recession , and geopolitical tensions , there still lies a sense of urgency to bolster production and return to the status quo , which in some minds , equals speed .
To counter this , Baader says businesses must begin to accept that “ the supply chain does not need to be lightning fast to succeed ”.
He adds ; “ Companies should instead focus on creating a hyper-connected supply chain that through successful supplier relationships , planning , and data , tech and AI reduces their supply chain footprint and builds onto existing capabilities – essentially concentrating on reliability and resilience .”
Supply chains should allow sales to match customer demand and constraint supply , Badder points out , adding : “ To do this organisations can embed agility into all aspects of the supply chain using digital enablers such as IoT , data analytics , and advanced control towers .”
These tools , he says , “ will improve insights and help streamline processes , from sourcing to demand ”. He adds : “ Speed will come for free through reliability , and the use of technology , data , and AI will create sustainable , nimble , and hyper-connected supply chains that are prepared to serve the next generation of consumers .”
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