Supply chain managers are grappling with the delicate balance between short-term wins and long-term strategies amidst ongoing global disruptions and workforce shortages, as highlighted by the Kearney COO Study 2024. These challenges are compounded by a significant disparity between COOs’ growth forecasts and actual outcomes, as well as their struggles with digitalization and sustainability goals. PRIMO’s integration of advanced technologies addresses these critical pain points by enhancing logistics efficiency and resilience, ensuring that businesses can adapt to market changes and maintain operational continuity.

Supply Chain Challenges and Innovations

The global supply chain is undergoing significant transformations. Supply chain managers are navigating complex decisions that balance short-term wins with long-term gains, especially in light of recent disruptions like the Red Sea attacks and conflicts in Ukraine and the Middle East.

Strategic Insights from COOs

According to The Kearney COO Study 2024, only 55% of chief operating officers feel they are effectively operating regenerative supply chains. The study offers a retrospective on past forecasts and anticipates trends for 2024.

Denmark Leads in Business Resilience.

Denmark is recognized as the world’s most resilient business environment, topping the 2024 FM Global Resilience Index. The index evaluates 18 resilience factors, including logistics, education, and inflation.

Workforce Shortages in Logistics.

A report by Descartes highlights the workforce shortages in supply chain operations, with 76% of respondents acknowledging the issue. Companies are adopting various strategies to cope, involving technology, recruitment, and external resources.

Reference: inboundlogistics.com