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How will we define 2020 in the future? As a year of change? A year of disruption? A time of innovation? As the decade for supply chain?
Recently, I wrote, “With the pandemic disrupting supply chains, industry professionals have an opportunity to create innovative solutions and rewrite the future supply chain landscape.” We are certainly traveling that path now as we rely upon the perspectives and experiences of those around us. We are creating solutions, some of necessity, some of opportunity, that we will undoubtedly rely on for years to come. I recall a marine slogan that inspired me years ago, “Adapt, improvise, and overcome.” It was a rallying cry as the supply chain world was turning and focusing like never before on customers and consumers while simultaneously adapting to new technology. My colleagues and I improvised and created solutions that were built into our everyday supply chain execution. This included overcoming all kinds of dynamics like capacity shortages, weather-related disasters, and other types of disruptions that today’s professionals now consider standard operating procedure. Innovation knocks infrequently, so take this opportunity to welcome it. During the uncertainties in which we find ourselves, we are still facing the disruptions and innovations we have been discussing for years like blockchain, artificial intelligence and deep machine learning, drone technology, and more. COVID-19 entered our reality and our focus immediately shifted from these strategic innovations to the urgent and necessary like securing our supply availability, making massive switches to alternative channels due to the shutdown, and instilling a relentless focus on safety for both our employees and the customers we serve. We’ve altered delivery processes, installed new safety and security protocols, upgraded our technology to support new channels with speed and accuracy. And we did most of this while simultaneously adjusting to working from our homes. CSCMP’s 31st Annual State of Logistics Report® indicates that 2019 U.S. business logistics costs rose slightly to $1.63 trillion, or 7.6% of 2019’s $21.43 trillion GDP. The report is aptly titled, “Resilience tested.” The “big picture” may be hard to grapple with at the moment as we’re still in our journey through the pandemic, but the report features some of the strengths in 2019, highlights of what we are facing currently, and a lens of what we should consider in the future. Creativity is alive and well, innovation continues to be a foundational element of modern day supply chain management, and CSCMP stays on top of this for you, we care, and we want you to stay connected. CSCMP’s EDGE 2020 Supply Chain Conference and Exhibition has innovated like never before – for the first time in history we are 100% “Virtual.” EDGE 2020 Live! is where industry meets community in a true commitment to end-to-end supply chain education. Supply chain’s premier event™ has been re-imagined as a virtual experience unlike anything you have seen! Scheduled over three and a half days and featuring even more access to relevant content and industry thought leaders, EDGE 2020 will deliver a digital experience where attendees can learn, interact, and connect with professionals from anywhere in the world. Supply Chain is still a people business. It’s our people who innovate, together, in our connected and never wavering supply chain community. Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=625292&issueID=80299 to view the full article online.
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Join us at EDGE 2020 Live! Tuesday, September 22 for Re-building a Supply Chain Through Authenticity, Engagement and Problem Solving:
- Over the past four years, Target has transformed from a bricks & mortar store with an e-commerce side business, into a fully integrated omnichannel retailer that successfully uses stores as local fulfillment hubs.
- The transformation required massive changes to the company’s supply chain. Inventory management, transportation and automation look much different today, and the company continues making bold moves in emerging capabilities.
Hear about the journey first hand, from Target’s chief supply chain & logistics officer. Learn about pain points and success stories, as well as key leadership lessons in change management, talent development, diversity and inclusion.
Arthur Valdez, Jr. is executive vice president, chief supply chain and logistics officer for Target. He oversees all functions of Target’s global supply chain and logistics network, including inventory management, purchase orders, replenishment, fulfillment, global transportation, logistics and distribution.
He joined Target in March 2016, bringing more than 20 years of leadership experience in the retail supply chain and warehousing industry. Valdez has spent his career building supply chain networks around the world. His prior roles include senior leadership positions at Amazon and Walmart.
He graduated from Colorado State University with a degree in production operations management. The son of Mexican-American and Cuban parents, Valdez was the first member of his family to attend college. Today, he volunteers his time to mentor other first-generation and minority college students. He also serves on the Colorado State University Global Leadership Council and the board of directors for Shipt, an internet delivery service and Target subsidiary.
He joined Target in March 2016, bringing more than 20 years of leadership experience in the retail supply chain and warehousing industry. Valdez has spent his career building supply chain networks around the world. His prior roles include senior leadership positions at Amazon and Walmart.
He graduated from Colorado State University with a degree in production operations management. The son of Mexican-American and Cuban parents, Valdez was the first member of his family to attend college. Today, he volunteers his time to mentor other first-generation and minority college students. He also serves on the Colorado State University Global Leadership Council and the board of directors for Shipt, an internet delivery service and Target subsidiary.
Visit https://cscmpedge.org/website/14708/ to view the full article online.
Written by CSCMP Corporate Member Erik Olson, Managing Director, Strategy & Consulting, Supply Chain & Operations, North America Lead, Accenture. Thank you for sharing this Hot Topic with CSCMP.
Supply chains have traditionally been linear and inflexible, built to support multiple segments at scale with single products. With the onset of digital technologies and the COVID-19 crisis, this scenario has shifted. Customers and consumers are now in the driver’s seat, demanding tailored, customized products, services and experiences in real time. Visit https://cscmp.org/store/detail.aspx?id=HT20-ACC to view the full article online.
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Written by CSCMP Corporate Member, Lorin Seeks of Convoy. Thank you for sharing this Hot Topic with CSCMP.
Convoy recently announced their new predictive crash capability that uses machine learning and automation to qualify safe drivers into their freight network, yielding 16% fewer accidents versus the industry average. This not only helps keep the roads safer, but it also increases on-time deliveries and cost savings for shippers, with lower claim rates and fewer cargo incidents. Commercial crashes are one of the major contributors to cargo loss, which is estimated to exceed $50 billion globally every year. Today, Convoy experiences a cargo claim less than once per 2,000 loads, whereas the industry experiences a cargo claim about once per 100 loads. Visit https://cscmp.org/store/detail.aspx?id=HT20-CON to view the full article online.
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