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Latest Posts
The Logistics 5 with Sal Guasto
Sal Guasto, a global supply chain and logistics professional, shared his insights on the current logistics industry. He identified excessive inventory backup, lack of integration in supply chain management, and non-customizable software as major issues. Guasto also discussed the difficulty of getting internal stakeholders on board with evaluations and urged executives to actively manage third-party service providers.
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AI on AI: Logistics
ChatGPT suggests that AI will significantly impact corporate logistics, transforming supply chain management. AI can improve demand forecasting, enhance supply chain visibility, automate routing and scheduling, predict maintenance, and control autonomous vehicles. This can result in optimized inventory, cost savings, improved customer satisfaction, and increased delivery speed. However, organizations should evaluate potential risks and ensure ethical use of AI.
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The Advantages of Supply Chain Diversity
Diversity in procurement and supply chain management brings significant advantages such as innovation, improved decision-making, and risk mitigation. A diverse supply chain allows organizations to tap into new markets, increase sales, manage disruptions, and meet diversity and inclusion goals by working with suppliers from diverse backgrounds and geographies. New Dominion Consulting is committed to helping clients cultivate more robust, diverse, and resilient supply chains.
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