Top Trends Making Headlines In The Supply Chain Industry

The global supply chain is closely interconnected. Everybody involved in the process, from producer to supplier and consumers, plays a crucial role in this industry.

Supply chain management is important because it gives a comprehensive framework to bring the right products in the hands of the consumers. It also helps producers understand market demand and produce supplies accordingly. The success of a company’s marketing and sales efforts also rely on understanding the supply chain of the business, that eventually helps in meeting consumer demands.

While many companies conduct their supply chain activities in-house, ‘Supply Chain as a Service’ or SCaaS business models are being adopted by businesses for outsourcing some of the supply chain activities. It is a highly adaptable logistics model that employs one or more logistics partners to handle supply chain activities such as production control, manufacturing, packaging, inventory tracking, order fulfilment, and shipping.