The report highlights the importance of collaboration in the supply chain, especially in dealing with logistics costs, commodity price volatility, and inflation. Collaboration is crucial for getting goods to market quickly and responding effectively to problems in global trade. However, effective collaboration requires identifying the hotspots where it can do the most good and focusing efforts there. The report suggests that placing orders with suppliers is a critical area for collaboration, as it involves a lot of back-and-forth communication and details. Other areas for collaboration include managing inventory, coordinating transportation, and ensuring compliance with regulations. The report emphasizes the need for tools and processes to support collaboration and break down silos. Overall, the report stresses the importance of collaboration in ensuring a smooth-running, responsive supply chain.
