Patrick van Hull explores the opportunity for supply chains to turn data into insights that inform decision-making A universal solution cannot solve all of today’s global supply chain shortages. The circumstances are so complex that even seemingly minor disruptions can create a domino effect of volatility in supply and demand. Anyone reading the news will see numerous causes of supply chain disturbances, from global politics to unpredictable weather events. Disruption is an all-too-common occurrence, leaving supply chain leaders in a difficult position to understand and overcome the effects on their supply chains. This problem quickly grew in the automotive industry due to the increased need for semiconductor chips caused by automotive digitisation. Inflation and economic instability also cause volatility in the automotive business, as do growing transportation costs, trade disputes, outmoded production facilities, and environmental and regulatory issues. Furthermore, customer behaviour is evolving with electrification, alternative purchasing channels, and the possibility of subscription-based services. Nearshoring practices have grown due to the supply chain delays caused by the pandemic These difficulties seldom happen in isolation. And given the persistent climate crisis and increased geopolitical tension, the situation will likely worsen before it gets better for the automotive industry. The challenges […]
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