The article also highlights the importance of businesses collaborating with their partners to ensure an efficient flow of goods, information, and services throughout the supply chain. Modern supply chain technologies from companies like SAP can help businesses track their carbon footprint and adjust their designs and manufacturing processes to meet their environmental, social, and governance goals. The article concludes by recommending businesses to read the Oxford Economics Research report to embrace the spirit of risk-resilience and conquer supply chain challenges.
Key takeaways:
- Seasonal events like Halloween require businesses to anticipate volatility and predict trends in demand to avoid inventory shortages or excesses.
- Embracing ethical standards and ensuring sustainability in the supply chain is crucial for businesses to stay competitive and meet the expectations of conscious consumers.
- Collaboration with business partners is key to running an efficient supply chain and enhancing customer satisfaction.
- Modern supply chain technologies can help businesses track their carbon footprint and adjust their designs and manufacturing processes to meet their environmental, social, and governance goals.