![]() Assuming stable geopolitics, predictable and smooth demand of raw materials, work-in-progress, and finished products, lean supply chains allowed manufacturing capacity and inventories to be minimized, saving business huge sums in the process. businesses embraced the mantra of lean supply chains, leaving supply chains vulnerable to large-scale disruption. government should use its convening power and-in partnership with supply chain stakeholders-promote the development of freight data exchanges that enable interoperability, while fostering a competitive market for innovative software solutions. ![]() Improving resiliency requires the public and private sectors to establish visibility across the logistics ecosystem. By knowing the real-time location, production rates, and delivery schedules (among other variables) of raw materials, components, and final products across the global supply chain-whether in manufacturing plants, port terminals, warehouses, or in transit-it becomes easier and quicker to identify disruptions, mitigate their impact, and improve productivity. In support of these strategies toward cost-competitive resilience, a potent first step is to improve end-to-end supply chain visibility, which provides companies with real-time data and a holistic understanding of their partners across the end-to-end supply chain, starting upstream at the procurement of materials or semifinished goods and ending downstream when products reach the end customer.
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