Advanced Strategies in Supply Chain

Book excerpt: The 2020 pandemic was the tipping point bringing new challenges for supply chains all over the world. Recent surveys show that 20% of the retail business will not survive the next 5 years and over 50% of customers shopping online for groceries, clothes, and other items, will not go back to brick and mortar stores after the pandemic. Changes in the economy, society, and technology are quickly redefining the way businesses operate. Companies that fail to adapt to the New Normal, may not survive in the long run. This book discusses the latest trends and brings examples of advanced strategies and best practices in supply chain that can help executives not only to survive but to step ahead of the competition in the New Normal. Horizontalization of the Supply Chain, Supply Chain Segmentation, Risk Management, Process Mining, Factory 4.0, Digital Twins, Robotic Process Automation, and Drones are just a few of the tools and strategies discussed here.Follow the steps of industry leaders and learn how to weaponize your Supply Chain, crushing your competitors, and becoming more attractive to your customers.