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What Kind of Reset Does the Supply Chain Need? Part Two

Enterra Insights

The world has changed so dramatically that EY analysts Matthew Burton and Joost Vreeswijk assert global supply chains need to undergo a great reset.[1] In the concluding part of this article, I will discuss the final two elements: 4) Automation and cognitive decision support; and, 5) Collaborative relationships built on value — not cost.

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Improving Business Decisions with Decision Science

Enterra Insights

He writes, “Pressures such as market volatility, tightening labor, inflation, weather events, and supply shortages have a cascading effect on the global movement of goods.” The global management consulting firm McKinsey & Co. trillion to $2 trillion in economic value globally.” Footnotes. [1] 1] Michael C.

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Digital Supply Chains Require People, Processes, and Technology

Enterra Insights

Although portions of the supply chain are functioning well, many consultants believe a true transformation is needed in order to make the global supply chain more resilient. ” Articles about the need for flexible or agile supply chains abound. Such a transformation will take time, effort, and, of course, money.

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There are Seven, not Four, Important Big Data V’s

Enterra Insights

Yossi Sheffi ( @YossiSheffi ), Director of the MIT Center for Transportation & Logistics, goes so far as to assert data is an organization’s most valuable asset. erniauskas, “ Understanding The 4 V’s Of Big Data ,” Forbes, 23 August 2022. [3] Nowadays, few people question the value of data. 2] Julius ?erniauskas,

Big Data 130
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sust[AI]nability

Enterra Insights

Christopher Marquis ( @CMarquisCornell ), a Professor in Sustainable Global Enterprise at Cornell University, explains, “People are increasingly expecting and calling on businesses to uphold higher social and environmental standards.”[1] Currently, environmentalists are hoping to restrict global warming to less than 1.5

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The Pandemic has Bolstered Supply Chain Transformation Efforts

Enterra Insights

When you think about it, however, today’s global supply chains are a true marvel. Mark van Rijmenam ( @VanRijmenam ), founder of Datafloq writes, “In today’s complex world, it is short of a miracle how we have been able to create global supply chains that move products across the globe at breakneck speed.”[1]

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Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

Globally ten percent of jobs are in manufacturing, while 37% are associated with supply chain management. As a part of this due diligence, I interviewed the Company, participated in briefings, and talked to references and employees to write this article. In August, a Paris investment company acquired Elemica from Thoma Bravo.