Supply chains are an active force behind most, if not all, businesses and are crucial for customer satisfaction and business success. A well-oiled supply chain with all its components running efficiently ensures that a business can provide on-time delivery of products and services. It is indeed prudent to stay informed and updated on the latest supply chain trends.
The role of supply chains is rapidly changing, driven by a global business movement towards digitisation. Most companies regardless of size are seeking to transform their supply chain functions, with varying degrees of success, as they struggle to keep astride with an onslaught of digital trends that are disrupting traditional supply chain management.
2019 promises, to once again be a year of opportunity and turbulence in equal measure. On the local front, South Africa will continue to emerge from the last decade of turmoil, with increasing hope for international investment, growth and stability. 2019 is also an election year, so our economy is likely to feel the impact of political shenanigans in the run-up to voting day. Internationally, economic changes continue unabated with the USA/China trade war and Brexit, to name a few, likely to create ripples throughout the global economy. Supply chains operate at the heart of most industry, and as such, are impacted by a plethora of trends. Here are a few we are keeping our eye on.