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You don’t need to be a supply chain expert to know that the sector has undergone some radical changes over the past decade. These have ranged from the onslaught of cheaper manufacturing bases in the East and the lengthening of the supply chain, to the rise once more of traditional manufacturing bases in the West as costs rise in China.
The advent of new technology has further propelled the sector’s evolution. It has enabled the supply chain to become more collaborative, support new specialisms and respond to changing demands. Against this backdrop of continuous change the sector faces the following six challenges which, if not addressed, have the potential to break the supply chain:
Craig Stephens is vice president international consulting at Epicor Software Corporation, an ERP software vendor that is focused on supply chain and manufacturing companies. Epicor has approx. 30,000 customers across 150 countries worldwide, most of which are manufacturing and supply chain focused.