By James B. Rice, Jr.
Market and industry dynamics are constantly changing. The emergence of omni-channel retailing, wide fluctuations in energy prices that require supply chain designs to be revisited, and the impact of mega-size container ships on global operations are just a few examples of these changes.
While you likely find this endless stream of new capabilities and applications exciting, you might also be feeling somewhat overwhelmed. It’s becoming increasingly difficult to identify how these developments translate into successful supply chain innovations (SCI) that can be leveraged to create competitive advantage.
Don’t get discouraged: By deconstructing these shiny new objects, you will find that they are not as revolutionary as is widely assumed. And having disassembled them, you will have a clearer idea of how SCIs can be derived from innovative ideas.