We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
Home » Reports: Outlook calls for stronger supply chains

Reports: Outlook calls for stronger supply chains

Consumer product companies, retailers to invest in supply chain resiliency in the wake of Covid-19, consulting firm research shows.

Stronger supply chains a must in wake of pandemic, reports show
January 15, 2021
Supply Chain Quarterly Staff
No Comments

Digital acceleration fueled by the Covid-19 pandemic is forcing companies to adapt and improve their supply chain resilience strategies, according to a set of reports from consulting firm Deloitte, released this week.

The reports examine how a shift in consumer spending since the pandemic began has caused companies in both the consumer product (CP)and retail industries to take a hard look at their supply chains and determine where improvements can be made. Leaders in both industries say they will invest more in supply chain resilience efforts in 2021. 

Highlights from the CP report show that more than 95% of CP executives said supply chain resiliency plays an important role in their strategic objectives, and 90% said they are making “significant” further investments to improve their supply chain resilience. Three-quarters said they will use external data to predict demand, and just over half said artificial intelligence (AI) and machine learning are beginning to replace historical statistical forecasting in 2021. Automation is also a top concern, with one in three CP companies indicating they will invest in robotic process automation for a range of applications. What’s more, 90% of executives said they are prioritizing speed—specifically, focusing on ways to allow their supply chains to react more quickly to consumer needs.

On the retail side, 80% of retailers surveyed said they expect to make moderate to major supply chain investments in 2021, with many of those investments focused on visibility. More than half of retail executives surveyed ranked visibility into the full supply chain network as important, for example. Retailers are also focused on last-mile resilience; most say it’s important to measure how last-mile drives the supply chain, and eight out of 10 retailers said they view measuring resilience as “increasingly important,” according to the report.

Deloitte interviewed executives at consumer product companies and retail businesses for the reports.

Logistics Strategy
KEYWORDS Deloitte
  • Related Articles

    Cargo safety, security a key issue in 2021, firms say

    Survey reveals there’s plenty of room for improvement in e-commerce fulfillment

    Gartner: 4 ways to compete with industry disruptors

Recent Articles by Supply Chain Quarterly Staff

Buyers could target warehousing and fulfillment operations in 2021, investment bank says

IBM survey says digitalization trends will sweep trucking industry by 2030

Report tracks rise in cargo theft from storage facilities

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • The 3PL industry: time to reset

  • Resiliency starts with supplier mapping

  • Freight market growth expected to slow in 2021

  • Retailers designing stores to support inventory and logistics work, not just shopping

  • Seizing the helm

Featured Video

6cabd6ef 64df 4460 bb11 e90c2bdea0a5

Identifying Intralogistics Solutions to Fit Your Operation: LinkedIn Live Ep. 4

Viewer Contributed
As technology evolves, the advantages of using semi- and fully automated solutions to increase productivity and address labor shortages are clear. However, before an organization jumps fully into automation, optimization is a key step that must happen first. Intralogistics solutions, such as Raymond’s iWAREHOUSE and...

FEATURED WHITE PAPERS

  • Warehouse Management System Project Toolkit

  • Solving Talent Management Challenges Now and In the Future

  • Shaping Up Last Mile Delivery to Surpass Customer Expectations

  • Finding the Right Transportation Management Partner

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing