The term “supplier diversity” has gained a great deal of attention in recent years and for good reason. A strong supply chain is a well balanced supply chain and that comes from inclusion and diversity. Thus, it’s important to shed light on what supplier diversity is and why it’s so valuable. The post How Consumer Demand For Transparency Has Helped Unlock the Many Benefits of Supplier Diversity appeared first on Morai Logistics Inc ..read more

Artificial intelligence (AI) is playing a growing role in the supply chain, yet, in order for it to be utilized to its fullest, there are several factors worth considering.  AI has been talked about as a game changer in the realm of supply chain for a long time now. In recent years, its potential has finally started to be harnessed by companies. However, the implementation of AI is not as straightforward as it might seem. Due to the robust and varied nature of the technology, there are a number of elements within the supply chain that need to be looked at for it t ..read more

Supply chain management has undergone significant change in recent times due numerous external pressures—these are 4 more key elements shaping it today. When there are dramatic changes in the supply chain, there has to be an equally robust response. That is the challenge supply chain management has had to face over the past year and in recent years generally. Supply chains live and die by how they respond and adapt to the ever-changing environment around them. Quality management involves finding the most pertinent facets of that environment and growing supply chains around them. This ..read more

Now, more than ever, the supply chain is focusing on agility, where once greater importance was given to a lean strategy—the question is: what exactly is a lean or agile supply chain? A little over a year ago, if supply chain professionals were asked whether a supply chain should be lean or agile, while there won’t have been a consensus answer, and certainly a good number would’ve pointed to a hybrid approach being the best of both worlds, many would’ve placed greater value on supply chains being lean.  That is no longer the case. After a year of dealing with a pandemic, supply chain ..read more

Just as the dimensions of supply chain have transformed, so has supply chain management in response to them—here are the biggest forces influencing it today.  The supply chain landscape has seemingly undergone a seismic shift over the past year. Yet, much of what the pandemic has spurred on isn’t a shift in supply chain trends but rather an acceleration of them. Nonetheless, supply chain management has had to respond to this changing landscape, regardless of nature of the changes, as strategies that might have been on the horizon prior to COVID-19 are now imperati ..read more

Supply chain forecasting is the difference between data-driven decision-making and floundering in the dark—here’s how companies can ensure theirs is as good as can be in 2021. Prior to the pandemic, companies had a bit of wiggle room in regards to their forecasting. Despite being important, a relatively stable market meant they didn’t have to be on the cutting edge. Instead, they could largely rely on historical trends to shape the management of their inventory. Then everything changed. Forecasting was made more critical than ever in an unpredictable 2020. With COVID-1 ..read more

COVID-19 has forever altered the supply chain—here are several ways in which supply chains are reorienting themselves going forward. The pandemic has dramatically impacted supply chains, and that, in turn, has led to dramatic transformation. The past year has seen developments in the supply chain at speeds never seen before. As should be expected, not all the things supply chains are doing now are greatly divergent from what they were doing before. Rather, top supply chains have embraced a combination of best practices, old a new. In some areas, they’ve simply pla ..read more

The warehouse has undergone significant change in recent times—here are the 5 most significant ways in which it has evolved. The supply chain has changed drastically over the years. With evolving customer demands and corresponding technological and logistical advancements to match them, it’s in a state of continual progress. No piece of the supply chain embodies that progress more than the warehouse. As such, warehouses have seen monumental development recently. This development has come, in large part, due to the e-commerce boom that has characterized the 2010’s. With the rise ..read more

The speed at which technology within the supply chain progresses is, at times, hard to keep up with—here are 5 key signs that a supply chain needs to modernize.  Technological advancements are taking place in the supply chain all the time. In light of the transformative nature of the past year, staying abreast of those advancements is more important than its ever been. A technologically modern supply chain is what stands between a company running smoothly regardless of external pressures and it being crippled by every disruption it faces. This article by Morai Logistics cov ..read more

After such a hectic and transformative year for the supply chain, 2021 is finally around the corner—here are the biggest trends to keep an eye on going forward. So much has changed in the world of supply chain over the previous 12 months. With the onset of the COVID-19 pandemic, supply chains were forced to dramatically reorient themselves in order to survive. In a landscape altered by such a global event, which is still actively impacting the running of supply chains today, the changes are going to continue going into next year. Last week, we highlighted the first five most signific ..read more