Reed Smith LLP’s Post

It is abundantly clear that global supply chains continue to evolve. How has your business managed to stay ahead of the curve? How effectively have you positioned your operation to adapt to the shifting dynamics of global supply chains? The landscape is rapidly changing: 🔀 Nearshoring 🔀 Friendshoring 🔀 Increased automation 🔀 Digitalization How are you leveraging data analytics to enhance visibility and agility? Have you considered diversifying your supplier base and invested in building resilience in your infrastructure? Let's discuss how ERA Group can help. It can start with a SpendVue™ opportunity assessment. https://lnkd.in/ejQTqTZY DM me to learn more. #SupplyChain #GlobalTrade #BusinessAdaptation #SupplyChainResilience #CFOs

🚀 Is your business ready for big disruptions? According to Dun & Bradstreet, most supply chains are underprepared. Check out this eye-opening post to learn more about why smaller businesses need to prioritize strengthening their supply chains: https://bit.ly/49ST6EI 🌐 #SupplyChainManagement #BusinessDisruption #DunAndBradstreet

Enhancing Supply Chain Resilience Through Market Research https://lnkd.in/gvx_3xNA #marketingdigital #marketingstrategy #marketresearchcertification #marketresearchcourse #MarketResearch

Here's a 2022 wrap-up of resources to help you unlock the potential of analytics to improve decisions within supply chains and related industries. Read on: https://ow.ly/5VlG30sEcTv

Learn from the past and avoid repeating supply chain mistakes with this insightful article. Explore practical strategies and valuable insights that can help you navigate the ever-evolving supply chain landscape. https://bit.ly/3VoI1Xo

Learn how to create a weather-resilient supply chain in this article. It provides valuable insights and strategies to ensure your supply chain can withstand any weather challenges, helping your business thrive in an ever-changing environment. https://bit.ly/47weyxZ

Article contains link to an interesting survey report on how European businesses are responding to disruptions #Maersk #AllTheWay

This compendium offers intriguing perspectives for geopolitical and value chain analysts on global supply chains, logistics, and sustainability practices during these uncertain times. The download link: https://lnkd.in/g5W2kwHk

Diversification and Redundancy: Companies that engage in supplier base diversification and incorporate redundancy measures to mitigate risks associated with geopolitical uncertainties are establishing a competitive advantage in their supply chain. The China+1/China+2 sourcing approach, which involves sourcing from an additional country or countries alongside China, can help reduce dependence on a single region and enhance supply chain resilience. This strategy allows businesses to better navigate disruptions affecting one of these regions by having alternative sources for critical components. Data-Driven Decision Making: Leveraging data analytics for real-time insights can improve supply chain visibility and responsiveness. Advanced analytics tools enable businesses to track inventory levels, forecast demand, and optimize logistics routes. For example, predictive analytics can anticipate supply chain disruptions and enable proactive adjustments, such as rerouting shipments or adjusting inventory levels based on anticipated demand fluctuations. #Supplychain #Demandforecasting #Demandplanning

Stay ahead of the curve with our insights on how industrial supply chains are evolving to meet the challenges of today's dynamic environment > https://owy.mn/3xWYSGY #SupplyChainResilience