What are the key trends shaping supply chain transformation?
Manufacturers are currently focusing on six key trends to reshape their supply chains: 1) Circular manufacturing for sustainability, 2) Workplace automation to boost employee satisfaction, 3) Building closer relationships with customers, 4) Utilizing data for smarter decision-making, 5) Implementing smart factories for increased agility and efficiency, and 6) New tools for simplifying risk prediction.
How does workplace automation impact employee satisfaction?
Workplace automation has been shown to significantly enhance job satisfaction, with 89% of digital automation users reporting increased satisfaction with their jobs. Automation streamlines processes, allowing employees to focus on more complex tasks rather than repetitive activities, which in turn improves work-life balance and overall productivity.
Why is data important for supply chain management?
Data is crucial for supply chain management as it provides visibility into performance and operations, enabling faster and smarter business decisions. Digital leaders in the industrial sector have seen a total return to shareholders of 47%, compared to 27% for their peers, highlighting the competitive advantage that effective data utilization can offer.