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Four Compass Points for Global Supply Chain Management

The rapidly evolving and increasingly global world of e-commerce poses challenges for business survival. Navigate the unprecedented challenges—and find opportunities for innovation within them—using these four interconnected compass points of a modern global supply chain.

By ·

The points on a compass have kept travelers headed in the right direction for hundreds, if not thousands of years, even as they sailed off into uncharted waters or ventured into new territories. Managers of global supply chains are in a similar boat as their ancient counterparts. Their world’s are changing rapidly as their companies enter new, emerging markets and they confront a host of new cultures and broader trends.

For example, technological advancement has raised consumer expectations for the rapid and convenient delivery of products, while a rising generation of middle class consumers has increased the demand that those products be ethically and sustainably sourced. Supply chain executives can work to maneuver through these challenges when they consider the following trends:

  • emerging markets;

  • mega cities;

  • millennial consumers; and

  • e-commerce.

Think of them as four interconnected points on the supply chain compass­—modern global supply chain managers who take them into consideration when designing their processes and networks will stay headed in the right direction. Let’s take a look at each in turn.

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By ·
Download Article PDF

The points on a compass have kept travelers headed in the right direction for hundreds, if not thousands of years, even as they sailed off into uncharted waters or ventured into new territories. Managers of global supply chains are in a similar boat as their ancient counterparts. Their world’s are changing rapidly as their companies enter new, emerging markets and they confront a host of new cultures and broader trends.

For example, technological advancement has raised consumer expectations for the rapid and convenient delivery of products, while a rising generation of middle class consumers has increased the demand that those products be ethically and sustainably sourced. Supply chain executives can work to maneuver through these challenges when they consider the following trends:

  • emerging markets;

  • mega cities;

  • millennial consumers; and

  • e-commerce.

Think of them as four interconnected points on the supply chain compass­—modern global supply chain managers who take them into consideration when designing their processes and networks will stay headed in the right direction. Let’s take a look at each in turn.

SUBSCRIBERS: Click here to download PDF of the full article.

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SeptemberOctober2015 · All Topics
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Third Party Risk: Too Close for Comfort
You’ve got a handle on many of the potential supply chain "disrupters" that can paralyze your business. But the real risk is embedded in areas you may have overlooked.
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From the December 2017
This is a comprehensive guide to services, products and educational opportunities targeted specifically to supply chain professionals. As with years past, we’re also featuring several articles we trust will offer food for thought in your supply chain throughout the coming year.
Transportation Trends: The last mile, history repeating
Economic Outlook: A Complex and Uneven Scenario for Global Supply Chains
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