Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Upcoming SlideShare
What to Upload to SlideShare
Next
Download to read offline and view in fullscreen.

3

Share

Download to read offline

Signaling the Future for Supply Chain Success

Download to read offline

Accenture Business Futures 2021: What are the supply chain's 2021 signals for success? View the slideshare. https://accntu.re/376EUZF

Related Books

Free with a 30 day trial from Scribd

See all

Signaling the Future for Supply Chain Success

  1. 1. Signaling the Future for Supply Chain Success BUSINESS FUTURES 2021 From insights to action, the path to extraordinary value starts here. #BusinessFutures2021
  2. 2. Supply chain executives today face a difficult reality. The past year has revealed new opportunities and led to previously unimaginable transformations—particularly in the supply chain. Now supply chain leaders must determine how to use the supply chain to help their organization capitalize on today’s changes and opportunities for future success. Accenture research has identified six Signals of business change for 2021 that are most critical to understand and act upon to build a supply chain that enables the business to seize the future and thrive. For Business Futures 2021, nearly 250 Chief Supply Chain Officers (CSCO) provided their perspectives on the importance of these Signals to their organization and when they’ll have the greatest business impact. CSCOs who understand the Signals and their significance to their operations are best- positioned to build the capabilities that are critical to driving profitable growth. 2
  3. 3. Six Signals stood out as essential to the future success of organizations Pushed to the Edge Sustainable Purpose Supply Unbounded Real Virtualities The New Scientific Method 3 Learning from the Future Decentralize decision-making. Move from purpose-focused to purpose-run. Break physical limits of fulfillment. Redefine reality and place. Become a scientific company. See change before it happens.
  4. 4. Rather than focus on the past for insights, leading supply chains use data analytics and artificial intelligence (AI) to make decisions and define strategies that better anticipate and “learn from” the future. Learning from the future can open up new growth opportunities. New sources of data and AI-driven models can be applied across companies’ product development, supply chain and sales lifecycles to give them greater confidence that they are on the right path to growth. At the same time, learning from the future can help companies prepare for risks. Signal 1: Learning from the Future 4 83% of CSCOs said that using more forward- looking data sets and analytic approaches to better predict and respond to future events will be important to their success.
  5. 5. Supply chain executives are pushing decision-making authority to people at the “edges,” relying on highly networked teams to act with speed and agility. Organizations expect trade to become further regionalized in the years ahead. At the same time, consumer- loyalty dynamics have shifted. Today, the challenge for the supply chain organization isn’t just that customer preferences are uncertain; it’s also that preferences are changing differently in different markets. Supply chains that push decision-making authority to the edges will be best positioned to understand and meet these ongoing changes in demand. Signal 2: Pushed to the Edge 5 46% 81% of CSCOs believe the world is fragmenting and… believe that centralized business governance is outdated.
  6. 6. Responding to the call for businesses to serve stakeholders broadly, organizations are building sustainability into the fabric of their supply chain operations—and making social responsibility sustainable. The supply chain has enormous potential to impact sustainability, in terms of both its operations and its supplier base. Supply chains will be expected to help build a better business by proactively solving ESG (environmental, social and governance) issues such as carbon emissions, energy usage, material waste, and child labor across the value chain. Signal 3: Sustainable Purpose 6 97% 51% of CSCOs say one of the biggest barriers to generating value for stakeholders is balancing their interests, but… will measure and track the impact of their organization on all stakeholders within the next three years.
  7. 7. To meet growing customer needs for fast, flexible, cost effective, and sustainable order fulfillment, companies are restructuring their supply chains and moving production to the point of demand. Breaking the physical limits of supply chains enables organizations to do more with less, and thereby meet customers’ growing expectations for order fulfillment in a cost-efficient and sustainable way. Fulfilling more orders traditionally requires covering more miles, but new technologies—and the business models they enable—can minimize the impact of distance and borders on business. Signal 4: Supply Unbounded 7 91% of CSCOs are taking steps to move inventory storage closer to end customers.
  8. 8. As virtual environments enhance our physical worlds and redefine our sense of place, innovative supply chain organizations create new ways for people to work, consume, and socialize. Virtual goods are becoming a real source of economic value. Virtual realities can also help companies meet sustainability targets: Remote experiences mean less travel, less congestion and lower carbon emissions. In addition, creating realistic 3D images of virtual prototypes could eliminate waste across supply chains and manufacturing. Signal 5: Real Virtualities 8 94% 88% of CSCOs report that their organizations are investing in technologies to create virtual environments and…… plan to invest further.
  9. 9. As scientific disruption enables the creation of better, cheaper, and more sustainable products and services, leading companies will become scientific companies—and apply science to tackle the world’s fundamental challenges. The “new scientific method” allows organizations to put breakthroughs into real-world use much faster by using digital technologies to accelerate the design-build-test-learn cycle. The next wave of disruption holds the potential for a different outcome—resulting in products and services that are simultaneously better, cheaper and more sustainable. Signal 6: The New Scientific Method 9 98% 83% of CSCOs agree that increased scientific capability is critical to the future competitiveness of organizations, and… say their organization is using digital technologies to accelerate scientific advances.
  10. 10. Assess what the Signals mean for the business as a whole and the supply chain in particular; Design a supply chain strategy that will enable you to effectively respond to the Signals, aligning on and communicating a plan for how you’ll build your future supply chain; Reinforce by putting in place clear measurements and incentives to encourage change and ensure that it sticks. 10 Respond to the Signals through swift execution—and consistent iteration—of the strategic plan; and, Using the Signals
  11. 11. The past year has clearly shown how vital the supply chain is—and what can happen when unforeseen developments completely disrupt it. Understanding the Signals of change can help supply chain executives build a more resilient, relevant and responsible supply chain that prepares companies for what’s next so they can thrive in the future. 11
  • SharifFahim

    Aug. 17, 2021
  • KuldeepKumarGautam

    Aug. 15, 2021
  • dranilmokashi

    Aug. 12, 2021

Accenture Business Futures 2021: What are the supply chain's 2021 signals for success? View the slideshare. https://accntu.re/376EUZF

Views

Total views

2,794

On Slideshare

0

From embeds

0

Number of embeds

492

Actions

Downloads

34

Shares

0

Comments

0

Likes

3

×