Supply Chain Disruptions – Are you ready for 2025?

Another East Coast port strike may be in the cards for 2025. The International Longshoreman’s Assn. (ILA) representing the dockworkers and the U.S. Maritime Alliance (USMX) representing the employers have no further talks scheduled as of December 4, 2024. Unfortunately, negotiations have been plagued by delays, adding to the uncertainty in the supply chain and creating ongoing challenges. Many disruptions can set operations back weeks or even months. How often are you critically evaluating your supply chain’s effectiveness in supporting your business goals amid current and future market conditions?

Data must be at the center of any solution. However, the data must be reliable, secure, accurate and timely. Companies are looking to utilize AI to improve their forecasting. AI will enable companies to evaluate data to look for patterns, trends, and anomalies. However, if the data is inaccurate, the results can be costly. For example, inaccurate inventory data can cause stockouts or overstocking. Receiving timely and accurate data from your suppliers can be challenging, especially if they don’t have the technology to send the information electronically. Innovate has helped many companies implement EDI with their suppliers globally. Innovate’s Supplier Toolkit can enable your suppliers to send and receive information accurately. Innovate Managed Services can become an extension of your IT staff to expand your partnerships with your suppliers.

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