Key suggestions
Accelerate Digital Transformation
Prioritise investments in IoT and AI technologies to enhance supply chain visibility, improve forecasting, and optimise inventory management. Develop a comprehensive digital strategy that integrates these technologies across all logistics operations, focusing on building internal capabilities and strategic partnerships.
Enhance Supply Chain Resilience
Implement robust risk assessment processes, focusing on financial impact and regular internal evaluations. Develop comprehensive Business Continuity Plans addressing potential disruptions, especially regulatory changes and supply chain interruptions. Foster strategic partnerships to create a more flexible and adaptable supply chain network.
Optimise Inventory and Transportation
Leverage advanced analytics and AI to improve inventory management and reduce excess stock. Implement route optimisation technologies and explore multi-modal transportation options. Consider redesigning supply chain networks to balance resilience with cost-effectiveness.
Embed Sustainability in Core Strategy
Develop a comprehensive sustainability strategy with clear, measurable targets for reducing CO2 emissions in logistics. Prioritise eco-friendly transportation and sustainable packaging. Implement sustainability KPIs across the supply chain and integrate these into decision-making processes at all levels.