Two megatrends have been gradually reshaping supply chain strategy for the last two decades: the digitization of demand, and climate change. But as powerful as these forces are, the pace of change has been glacial. COVID, China, and the great “supply chain crisis” of the last few years may be the final straw. The world is “reshoring” manufacturing, but it is also staying in China for the long run.
Political leaders will not be our climate change saviors, as demonstrated by the disappointing outcomes of COP27. Instead, we should turn to supply chain leaders, who obsess over measurement and simply can’t resist a target.
As we approach the end of a challenging year, building resiliency into digital roadmaps is a top priority for organizations. But how will the investments made now fare once growth picks back up? Now more than ever, digital roadmaps should focus on enabling operational agility.
Kicking off COP27, former Vice President Al Gore described the need for private sector financing of renewable energy investments to usher in a “sustainability revolution” worldwide. Supply chain leaders can drive this investment with industry cooperation as the key to overcoming structural hurdles.
Carbon tech set a venture funding record in 2022. One player on the rise in this space, Joro, is unique because it may signify the start of bringing not only the power of regulators and investors to bear on the push to decarbonize supply chains, but also the far greater power of customers.
Carbon-heavy production and sourcing networks are giving way to shorter, greener, tech-empowered supply chains. Especially for small business, technology is the key enabler to rethinking and retooling manufacturing closer to market – and to home.