RECAP
THE YEAR THAT WAS As we step into another year, that we hope will come with incredible opportunities, let’s pause for a moment and dive into the year 2021. Last year proved to be a stepping stone for supply chain fraternity across the country where many innovative start-ups took the onus upon themselves to chart the future of supply chain, and the established ones brought in their technological prowess to enhance supply chain visibility & transparency. During the last year, team Celerity also got heavyweights to participate in some pathbreaking webinars sharing intriguing insights on the future of supply chain. Our 2021 issues were laced with treasure trove of insights for the industry. Here’s recapturing some of them for our readers…
Supply chain
Sachin Gupta, Country Planning Manager, Shell
is nothing but applying Common Sense to improve efficiency. While sales and marketing functions of organization drive top line, supply chain and operations drive bottom line of the balance sheet. More and more companies are realizing the importance of having an efficient and agile supply chain to increase profitability. Beyond this, having a reliable supply chain is becoming a key competitive advantage to increase market share. Customers and consumers are expecting faster and convenient ways of getting the products. Supply chain professionals must focus on developing new age skills. Concepts
44 CELERITY January - February 2022
like AI, ML, IOT and Big Data are becoming foundational to grow in a modern age supply chain. Other than this, SCM professionals must acquire Project management, Financial Management and Accounting knowledge skillsets. Supply chain professionals need to understand modern ways of forecasting and planning. Data analytics is going to play a major role there. Concept of descriptive analytics is now moving towards prescriptive analytics. If these are merged with supply chain fundamentals, it can be a super-combo to have.
