Digital technologies and innovations are driving massive changes and improvements in supply chain. Meanwhile, digital disruption and continued globalization are sending customer service expectations through the roof and stretching supply chains to the farthest reaches of the planet – putting supply chains under more stress than ever before.
In this fifth annual survey report on supply chain innovation, MHI and Deloitte Consulting LLP have once again teamed up to better understand the critical shift toward next-generation (NextGen) digital supply chains – and the real-world impact of 11 key innovations on supply chain operations and strategies.
As markets demand not only efficiency but agility and flexibility from supply chains, next-generation models are successfully combining automation and digital technologies to drive superior performance. While this digital ecosystem is creating cost savings, innovation and win-win opportunities along supply chains, it is also accelerating the pace of change, creating disruption and raising competitive pressures.
This report provides updates on the nine innovative technologies we predict will have the most potential to transform supply chains into next-generation models. It also provide information on barriers to adoption, top supply chain challenges, strategies for leaders and real-world case studies.
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The 2016 MHI Annual Industry Report, developed in collaboration with Deloitte, reflects the views of nearly 900 industry insiders – almost double that of last year’s survey. Respondents included manufacturers, distributors, service providers, and others – more than 50% of them with senior executive, general manager, or department head titles.
Supply chains face constant pressure to do more with less.After years of cost-cutting and efficiency improvements, the pressure to reduce costs while simultaneously boosting performance continues unabated—with no end in sight. These conflicting challenges are putting pressure on margins and creating headaches for supply chain executives who are often stuck between the rock and hard place of slashing expenses and building new capabilities.
As many supply chain organizations have spent years cutting costs and eliminating waste, incremental improvements are leading to diminishing returns. This is driving the need for supply chain executives to seek more innovative solutions.
In late 2013, MHI and Deloitte conducted their first MHI Annual Industry Report survey. The topic of this survey was “Innovations that Drive Supply Chains” and the goal was to provide an up-to-date perspective on emerging supply chain trends.
The survey found that supply chain executives want to invest in powerful new technologies and business innovations to improve their supply chains, but are hampered by a shortage of qualified talent and never-ending pressure to cut costs.
The survey included more than 450 respondents from large and small companies across a wide range of sectors, including: Retail and Wholesale, Consumer Packaged Goods, Automotive, Consulting, Life Sciences and Healthcare, Transportation and Warehousing, Material Handling and Supply Chain Equipment and Related Services. The vast majority of respondents were senior executives, with more than half being C-level executives, Managing Directors, Senior Vice-Presidents, Vice-Presidents, or Directors.