Cutting through the fog of trade war
In uncertain times, flexibility proves to be the supply chain’s greatest strategic asset.
The world of politics is poised to collide with the supply chains of increasingly globalized U.S. companies. The Trump administration has identified trade and treaty reform as two of its top priorities, but how that will translate into specific policy or implications for international commerce remains unclear.
It takes a broad suite of tools to effectively manage a supply chain today, including everything from software and systems specializing in logistics, data analytics and inventory management to tools enabling demand forecasting, freight management and ensuring security and beyond. In fact, the supply chain manager’s traditional arsenal is overflowing with weapons designed to address any and all known obstacles.
But, what tools do you need to address the unknown? How can you indemnify your organization against change and uncertainty? How can you forecast, for example, without data?
Fortunately, tools such as game theory and scenario planning can help you manage more effectively in the face of multiple alternatives, including worst-case situations.
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The world of politics is poised to collide with the supply chains of increasingly globalized U.S. companies. The Trump administration has identified trade and treaty reform as two of its top priorities, but how that will translate into specific policy or implications for international commerce remains unclear.
It takes a broad suite of tools to effectively manage a supply chain today, including everything from software and systems specializing in logistics, data analytics and inventory management to tools enabling demand forecasting, freight management and ensuring security and beyond. In fact, the supply chain manager’s traditional arsenal is overflowing with weapons designed to address any and all known obstacles.
But, what tools do you need to address the unknown? How can you indemnify your organization against change and uncertainty? How can you forecast, for example, without data?
Fortunately, tools such as game theory and scenario planning can help you manage more effectively in the face of multiple alternatives, including worst-case situations.
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