The article further suggests strategies for businesses to manage the holiday shopping rush, including precise demand forecasting, identifying alternative sources of supply, optimizing transportation and logistics, and improving transparency across the entire supply chain. It also highlights the role of AI in fostering a resilient and sustainable supply chain by swiftly predicting and adapting to customer demands.
Key takeaways:
- Accurate demand forecasting is crucial for efficient supply chain management during the holiday selling season, but predicting demand amidst evolving purchasing patterns and potential demand spikes is challenging.
- AI can enhance supply chain resilience and sustainability by swiftly predicting and adapting to customer demands, and improving operational efficiency.
- To minimize risk and ensure faster availability for the holiday shopping season, companies should work with multiple suppliers and contract manufacturers in multiple regions.
- Real-time visibility across the entire supply chain is vital for a successful holiday season and maintaining customer satisfaction, and modern technologies like AI can help achieve this.