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Latest from Supply Chain Technology
Latest from Supply Chain Technology
A resilient bunch that’s usually ready for anything that gets thrown at it, the procurement sector grappled with a high degree of challenges in 2021. Just as economies and manufacturing centers worldwide began to gear back up after a difficult 2020, everything from port congestion to container shortages to labor constraints seemed to stand in the way of a good source of supply. From semiconductors to components to basic ingredients like resin, nearly all corners of the supply chain were hit with shortages at one time or another in 2021.
With this and other trends expected to continue at least into the first couple of quarters of 2022, now is a great time for buyers to start preparing for what’s ahead by reassessing their forecasts, securing stock on critical items and making other year-end moves to ensure a good start to the new year. Here are four things buyers can do now to make this happen:
With 2022 right around the corner, now is a good time to start making some or all of these moves in preparation for what’s to come. Buyers who think proactively, create accurate forecasts and align with reliable suppliers will be particularly well-positioned for success during periods of uncertainty.