Our last regular article of 2019 was about the major challenges we see coming in Manufacturing and Distribution, particularly in the food industry. This year we wanted to start with something that drills down a bit deeper into one of those challenges – Inventory Management. The good news on this topic is that most of the challenges you will have in 2020 are the same as the ones you were having in 2019. The bad news is that they are just getting harder is the speed and complexity of transportation and logistics continues to evolve, and there is one important new one.
Today we’ll cover FOUR challenges you need to be monitoring and solving for if you are not already doing so:
- Knowing Your Inventory
- Inefficient Processes
- Customer Demand
- The Coming Packaging Revolution