PROMATDX Online Trade Event

In these unprecedented times, supply chain solutions are more critical to business success than they have ever been. To answer this call, MHI created the ProMat Digital Experience (ProMatDX), a new digital event experience designed to power up manufacturing and supply chain professionals with critical access to the latest solutions they need now to improve the resiliency and agility of their operations.

ProMatDX combines the power of the connections, solution-sourcing and education that only ProMat can deliver with the latest digital event technology in a five-day event that will be the most important week of 2021 for the manufacturing and supply chain industry.

Attending ProMatDX is your unrivaled opportunity in 2021 to find solutions, connect with your peers and leading solution-providers and learn the latest trends and technologies that will take your supply chain to the next level of success.

April 12-16: Online Trade Show

Learn more and register now.

New Report On COVID-19 Impact on Supply Chains

“Businesses, consumers and supply chains will be forever changed by this global pandemic.”

MHI’s report, “Transformation Age: Shaping Your Future,” provides insights into key trends and technologies that will impact the success of supply chains over the next 20 years.

Because the trends covered in the report have been so deeply impacted by COVID-19, a special section focusing on the pandemic and its long- and short-term impacts on supply chain and logistics operations has been included.

The report predicts the acceleration of digital and automated supply chain solutions due to COVID-19. These solutions provide the visibility, flexibility, agility and social distancing answers that firms will need to succeed in a post-COVID world. These tools are as wide ranging as artificial intelligence, augmented reality, robotics, edge computing and drones and are expected to shift early-stage promises to step-change value propositions.

In addition to accelerated technology investments, the report predicts that some organizations will choose to embrace a more regional-local sourcing, manufacturing, and delivery approach — or “nearshoring.” Others will be looking to diversify their supplier base. Still others will seek greater balance in inventory management, blending “just-in-time” with “just-in-case.”

“Businesses, consumers and supply chains will be forever changed by this global pandemic,” says John Paxton, COO of MHI. “The organizations that accelerate the implementation of digital, next generation technologies and solutions and take a hard look at material and product sourcing are the ones that will be best positioned for future success because they will be the ones that can quickly respond and adjust to supply chain disruptions.”

The report provides information and insights meant to spark thought and discussion about key factors that are expected to drive, fuel and impact various aspects of life and industry in the coming decade and beyond. It also recommends how leaders can respond to keep their companies thriving and profitable.

“I believe strategic leadership as well as the people at the operational level will have considerable interest in this information, as they’re the ones who will ultimately be facing the challenges of serving customers in light of these dynamic market forces,” says George W. Prest, CEO of MHI. “It is very important for them to understand what’s coming, how fast it’s coming and how those forces will impact their supply chains.”

“Transformation Age” covers a wide range of topics, including anticipated advances in smart technologies and digital decisioning tools, market influencers, global factors, ways workplace changes and new consumer expectations will revolutionize industries, and even how the new space economy will become a topic of growing importance over the coming decades.

To access the report and learn more about the changes to come, visit mhi.org/transformationage

Best Practices For Choosing A Supply Chain Management Solution

Read ThinkGlobal President Greg Sandler’s story about how choosing the right supply chain management software can help keep your supply chain running smoothly.

Sandler talked to chain expert Daniel Stanton, author of Supply Chain Management for Dummies, who says that in order to manage your international supply chain you need a system that can handle planning, sourcing, production, delivery, returns and fulfillment.

Read the full story on the American Express Open Forum website.