Building supply chain agility

THIS WEEK'S TOPIC: Drawing from the current global chip shortage, how might a similar crisis be prevented in the future?

Kent Nash GM, Asia Pacific & Japan, Middle East Solace Corporation

The current semiconductor chip crisis has underscored the critical need for supply chains to be agile, nimble, and flexible. Overnight, batch-based processing and planning simply will not cut it. In order to prevent a similar crisis in the future, organisations need to invest in the right technologies to have visibility on the impact of supply chain disruptions on their business in real time, so as to adapt to changes quickly. At the same time, they should seek to maximise overall equipment effectiveness and product operations to reach new productivity levels.