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In addition, the holiday shopping period between Thanksgiving and Christmas this year is 26 days—five days shorter than in 2023—potentially creating additional headaches for online vendors and their delivery partners attempting to fulfill a greater volume of orders in less time. billion in sales.
According to data from a recent research survey, the following were on top of the supply chain headaches not addressed by their current systems: Supply shortages due to supplier’s inability to meet expected performance targets. Network costmodeling. Data cleansing and data robustness.
Supply chain and finance departments need to work more closely and adopt costing practices that are progressive and focused on informing internal decisions. Supply chain professionals aren’t getting the cost information that they need according to a recent survey from APICS and the Institute of Management Accountants.
Overseas markets are becoming volatile, and the cost of labor in foreign countries is rising steadily. However, many countries still continue to have lower labor costs than the US, and so we still see offshoring by companies who are in the proverbial pursuit to the lowest costmodel. The risk of product failure is real.
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