Consumer Products Trends – The Need for Supply Chain Visibility
In this episode of Taking Stock, I’m joined by colleagues Kate Poknis and Scott Shaw – who have a wealth of supply and demand planning experience and knowledge – to discuss supply chain resilience, agility, supplier diversification, talent constraints, and more. When it comes to supply chain visibility, predicting the future is hard – the world is constantly changing, consumer demand remains fickle, and there’s a plethora of new brands and competitors entering the market. How can companies plan ahead? Or can they? When the COVID-19 pandemic hit, demand for some products skyrocketed. Historical demand planning tools and previous strategies didn’t apply anymore. Companies that thought they had it right when it came to supply and demand planning quickly discovered that they needed to deploy new strategies to establish and maintain a resilient, agile, and profitable supply chain. If not, their business would certainly be at risk.