![]() Blaine says this type of agility is what will make those companies successful. Companies that used advanced planning solutions saw a revenue increase of 3.62% while their peers saw a decrease of 5.77%.Īs such, it’s clear that advanced planning solutions enable agility and more resilience within supply chains. Results showed that companies using a digital supply chain planning tool like Kinaxis saw revenue growth during this period of COVID-related disruption. This research 1 was conducted across 700 companies across different industries, including Kinaxis customers. The best thing supply chains can do to get ahead of disruption is become more agile – and thanks to independent academic research conducted over the past three years, data exists to reinforce this. The right tools can help your supply chain get ahead of disruption For instance, the effectiveness of onshoring in the short-term may not work well in the future if you consider the macroeconomic environment in the long run. So, what can organizations do in the short-term to ensure they succeed in the future?īlaine states that diversifying costs throughout your organization can help with long-term planning tactics. “The ones that are suffering are the ones that are, you know, trying to follow up and make sure that they're reducing their costs as much as possible without thinking about the impact it is going to have in years three, four, and five. “ ![]() “In supply chain right now, the most effective companies are already thinking about the next three to four to five years and are learning very quickly from the volatility that they're going through right now,” he says. Blaine states that focusing only on short-term planning can actually harm your company in the long run because it impedes its ability to operate at full capacity when the crisis is over. As recessionary periods continue to fluctuate around the world in a time when supply chains are still recovering from COVID-19, C-suites and financial executives are scrambling to minimize the impacts on their businesses.Īs a result, many organizations are making the mistake of trying to solve for the short-term, rather than plan for the future. Global challenges and disruptions aren’t slowing down. Why your supply chain needs to plan for the long-term Here are some key takeaways from their discussion. ![]() Specifically, why you need to make your supply chain more resilient and agile, how to create long-term action plans for your organization and what tools you need to help your company succeed financially. Director of Industry and Solutions Marketing at Kinaxis, discuss the importance of preparing for an uncertain future. In our latest video podcast, Blaine Fitzgerald, Chief Financial Officer at Kinaxis, and Jim Bralsford, Sr. No industry is immune to these crises, so it’s become more important than ever to use the right tools to sense and respond to these disruptions. The existing macroeconomic environment is tumultuous as a potential global recession, inflation rates and other volatilities continue to cause hurdles for supply chain leaders. If there's one constant in supply chain planning, it's that there will always be new challenges to handle.
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