“The ability to test scenarios to inform supply chain decisions will be vital in the coming years,” stresses Gibbs. “That makes the importance of analytics in supply chain design and planning absolutely critical, and those companies that don’t have a rapid analytics capability could be left standing.”
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Gibbs says that companies should already be evaluating situations now and establishing supply chain analytics capabilities as quickly as they can if they haven’t already.
“An in-house modeling capability will be essential as there will be a need over the next few years to re-assess scenarios frequently as the situation becomes clearer,” he says. “However, it’s doubtful that anyone will be able to make long term plans anytime soon due to the uncertainty, unless those plans are to build in more flexibility and resilience into the supply chain.”