2023 Prediction Consensus, What the Experts See Coming (interesting): https://lnkd.in/gitg9g2E. From 2022 (pretty good): https://lnkd.in/gEgC5aCk. From 2021 (solid): https://lnkd.in/gdsXMVTn & https://lnkd.in/gvXX4E66. Common Theme (higher prices & technology). It is time to teach SCM a little differently than we did pre-inflationary.
Note, some goods (not most) have actually gone down in the index, including: https://lnkd.in/gR4rzPEm. Which countries have the highest inflation (I will stop complaining as much)? https://lnkd.in/guK88cW8. This is why we have to teach SCM differently moving forward: 70% of current contracts have price increase provisions?! https://lnkd.in/g_ByzrNU.
…. Madhav Durbha, vice president of supply-chain strategy at Coupa Software Inc., said part of the problem is outdated processes. Manual and labor-intensive operations force employees to spend hours every week doing repetitive tasks that could be automated for greater efficiency and accuracy, allowing people to focus on more rewarding work. (From Sime: So much of SCM is still done manually and on paper).
…For example, Durbha said 60% to 70% of an analytics employee’s time can be spent gathering data, while only 30% to 40% is dedicated to analyzing the figures and providing insights. (From Sime: Sounds like giant color coded spreadsheets?! Ugghh)
…. “Candidates are less willing to go to a firm that is outdated in systems or outdated in general processes,” Prendergast said.