Supply chain stability improves, but threats remain

Editor's Note

Released April 9 by the Association for Supply Chain Management (ASCM) and KPMG LLP,  the KPMG Supply Chain Stability Index reveals an overall improvement in supply chain stability throughout 2023.

However, points of weakness persist. According to the index, factors preventing a complete return to pre-pandemic normalcy include the trade impact of US-Mexico border closures and attacks on commercial shipping in the Red Sea. However, it also points to positive signs, including nearshoring efforts and a less intense supply chain impact than expected from the collapse of the Key Bridge in Baltimore.

Along with adopting best practices, new digital technologies and workforce skills can help companies differentiate themselves. Optimized inventory management, such as the return of just-in-time strategies, deserve special focus, according to the press release. The case is the same for automation, as well as employing technologies and strategies for addressing logistical challenges.