“The problem with trends is that they are like a freight train gaining speed; everyone can see the train, but at what point do you say the train is really moving at speed?” – Steve Banker from a recent Forbes article.
This is quite the appropriate quote from Supply Chain thought leader, Steve Banker, the Service Director, Supply Chain Management at ARC Advisory Group, a leading industry analyst and technology consulting company.
The reality is that the speed at which the supply chain & logistics industries are changing are breathtaking.
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Now, not all of these trends are moving at the pace that technology is moving. One of the core trends you’ll see weaved thru out this year’s “Trends” e-book (you can download last year’s here), is a stronger focus on the fundamentals such as adhering to risk management, collaboration, focusing on your core, and using expert vendors to achieve your goals. It is vital that, despite all new technology, we as supply chain & logistics practitioners are leaning on tried and true practices. Why? Well, the great Bill Gates once said this: “The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.”
That quote is at the heart of this e-book and should be heeded by every supply chain & logistics practitioner as they are attracted to amazing technologies such as robotics, the Internet of Things, automation, and cloud-based systems, such as a transportation management system.
Finally, we include trends you will see in manufacturing and manufacturing technology. Why do we include this information? A majority of shippers who will apply the trends & information in the supply chain and in logistics practices, come from the manufacturing community. Therefore, we want to make sure that supply chain practitioners as well as manufacturers understand how all of these technologies are affecting the entire supply chain, including the supply chain & procurement side of a manufacturing operation.
We hope you enjoy this new e-Book. Download all of our educational e-books here.