All Things Supply Chain has been nominated for the 2021 Supply Chain Brief MVP Awards, where we have qualified as finalists in two different categories! Supply Chain Brief brings together the best content from hundreds of industry leaders. These awards are about recognizing the most valuable posts that provide useful and actionable information that is tactical or strategic in nature, as well as providing either long-term or short-term value to industry professionals.
Our articles that have been nominated are:
- In the transport/freight category: Reshoring – A risk worth taking? Written by Emilia Ashton
- In the technology category: The machine learning trap or how to tell if you’ve got the right waiter Written by Kai Keppner
Reshoring – A risk worth taking?
Emilia Ashton evaluated whether reshoring, which was a growing trend even before the pandemic, is worth the risks associated with it. The examples of risks she used include a company having to start from scratch, higher labor costs and dealing with unskilled workers. She highlighted that although reshoring can bring many benefits to a business, such as reduced lead times, fewer import tariffs and higher quality products, firms need to assess whether this is the right strategic decision for them. Emilia also emphasized the importance of resilience in supply chains, and provided suggestions on how companies can improve this, such as shortening and simplifying supply chains and multi-sourcing.
Read more here
The machine learning trap or how to tell if you’ve got the right waiter
In this article, Kai Keppner talked about how machine learning is vital for a company to progress, as well as outlining the different methods used to help achieve goals. Kai used an example from a friend where AI was used for solving problems in a company, despite this not being necessary. This highlighted that the path to success should go via the customer’s need, and the method to get there comes second to this. Kai also illustrated a point with the example of a restaurant: a good restaurant adapts to its customers, just like AI should.
Read more here
Voting ends on November 29th 2021 and the winners will be announced on December 8th 2021. Make sure to make an account with Supply Chain Brief here and vote now!