Supply Chain Changes Coming More Quickly
Randy Wolken, President & CEO

The pace of disruption to global supply chains has quickened over the last decade. From the pandemic to numerous international conflicts, the supply chains of most of MACNY’s members have been tested. To build more resilient supply chains, decision-makers must focus on gathering better data and updating strategy. The Jabil 2024 Supply Chain Resilience Survey of approximately 200 supply chain decision-makers offers insight into the evolving challenges.

Here are some of the findings.

• 96% of decision-makers integrate market intelligence, but 51% recognize the need for more comprehensive data to create more accurate assessments
• 69% indicated they have limited visibility of their supply chains and need better supply chain data
• 66% use AI and related technologies such as machine learning (ML) with predictive analysis to help make strategic decisions about their supply chain activities
• 76% of respondents cite increased visibility as the key benefit of the use of AI and ML adoption
• 82% said optimization for resiliency is a top priority for their organization over the next two years
• 72% expect to reduce labor costs through automation, while 64% anticipate AI and ML will help them refine their planning processes
• 79% are taking action ahead of legislative processes in developing waste and energy reduction
• 74% are sourcing materials from validated sustainable suppliers

Much has changed in supply change management due to global disruptions. Organizations must continue to invest in capabilities that support greater visibility, optimization, and sustainability. I am hearing this from members and manufacturers across the state. With significant growth in near-shoring and US-based manufacturing, supply chain changes will offer opportunities to build resilience. At MACNY, we are excited to see this happen and provide assistance as needed.