— Analysts Discuss Supply Chain Trends and Strategies at the Virtual Gartner Supply Chain Symposium/Xpo, EMEA,
Supply chains are in the middle of an evolution that will change completely how chief supply chain officers (CSCOs) organize and operate their organizations, according to
“CSCOs are tasked to design a supply chain organization that fits into this new era,” said
Gartner analysts discussed the key issues facing CSCOs during the Gartner Supply Chain Symposium, EMEA, taking place virtually through today.
The three macro trends that will shape the future of supply chain include:
The Rise of Digital Business
Gartner research shows that many CSCOs struggle to create a holistic digital supply chain roadmap. At the same time, they are under pressure from CEOs who want to make their business more digital.
“Given the critical role of supply chain in ensuring customer satisfaction and experience, much of the digitalization efforts will be on the shoulders of the CSCO,”
According to Gartner research, the top barrier to a digital supply chain today is culture, followed by legacy tech, usable data and legacy processes. CSCOs must work with partners across the business to overcome those barriers and enable their CEO’s digital business ambitions.
New Competitor and Trade Uncertainty
In recent years, uncertainty has been a constant in supply chain. There is uncertainty on where the next competitor will come from and what their impact will be. Almost half of CSCOs believe that their business is at risk of being disrupted in the coming years, with the greatest risk coming from nontraditional businesses such as startups.
Then there is the trade uncertainty, caused by events including the
“The ongoing uncertainty calls for a new approach to supply chain management,”
Sustainability and Circular Economy
A circular economy is an economic model that separates the ability to achieve economic growth from the consumption of natural resources. Supply chain plays a critical role in every part of the cycle: make, use, return, recycle, reuse.
The 2019 Gartner Future of
“A supply chain that enables the circular economy has to have strong reverse logistics capabilities. The heavy equipment and machinery industries are already on a good path. However, this is a trend that no industry can miss out on – including consumer products,”
About Gartner Supply Chain Symposium/Xpo
Gartner Supply Chain Symposium/Xpo is the most important gathering of CSCOs and supply chain executives. Supply chain leaders will gain a strategic view of the trends disrupting their business and the insights and frameworks they can use to build agility and robustness into systems, processes and decision making.
The virtual Gartner Supply Chain Symposium/Xpo,
About the Gartner Supply Chain Practice
The Gartner Supply Chain Practice brings together the most relevant analysis, peer-based best practices, metrics and data across Gartner and offers supply chain leaders a platform to make the choices that will drive their business forward. Additional information is available at https://www.gartner.com/en/supply-chain. Follow news and update from the Gartner Supply Chain Practice on Twitter and LinkedIn using #GartnerSC.
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