Build Supply Chain Resilience in a Locally Globalized Market

The recent years have been challenging for many manufacturers and required more flexible supply chains than ever before.

Geopolitical landscapes have likewise challenged the more centralized strategies and built a need for strengthening resilience and essentially decentralizing many parts of the supply chain. Changes in customer behavior caused by economic volatility has left many manufacturers impaired, who might also see the effect of current volatility in their ability to find financing and possibility to invest in new technologies.

All these factors cause a need for more flexibility and resistance in the supply chain, requiring manufacturers to implement flexible production processes, dynamic pricing strategies, and maintain close relationships with suppliers and customers, in order to follow demands or risk lack of parts or materials. New technologies should also be considered a possibility, as they can monitor every part of the supply chain, give feedback on customer behavior and calculate risks and forecast future developments.

During this virtual seminar we will take a closer look at tools and methods to handle these challenges up front. We will focus on three themes:

• Increasing flexibility and decentralizing to future-proof the supply chain: Creating a flexible and resilient supply chain can be key to handling the next big challenge in our business or political climate. Creating a larger network of partners can distribute the risk both for suppliers and distributors, optimizing and diversifying throughout the supply chain.
• Supply Chain resilience with Artificial Intelligence and BlockChain: Artificial Intelligence and Blockchain technologies can enhance supply chain resilience by enabling real-time tracking, predictive analytics and much more. By integrating AI manufacturers can proactively identify vulnerabilities, streamline processes, and mitigate risks, fortifying their supply chains against disruptions and fostering long-term sustainability.
• Securing transparency and predictability: Supply chain transparency goes hand-in-hand with a larger focus on sustainability and understanding where parts and machines are produced. Learning about an increased demand for more transparency from customers and distributors is making it crucial for manufacturers to investigate.

We look forward to discussing supply chains during our Virtual Seminar and learn more about how adopting new technologies and strategies can create a more flexible and resilient supply chain for the future.