UP FRONT

THE YEAR AHEAD

This time of year, everyone wants to make some sort of list. New Year’s resolutions, gift lists, naughty-versus-nice lists – whatever else, this season is about taking account of our lives and the world. The year’s end is a good time to reflect not only on what has just passed, but also to consider what the New Year holds. This is as true in supply chain as anywhere else. As 2022 winds down and the New Year looms, here are trends likely to gain traction.

SUSTAINABILITY AND ESG

For supply chains, sustainability has been a ‘nice-to-have’ concept, rather than a business imperative. That has changed. Pressure from consumers and regulatory bodies means businesses now embrace sustainability in their supply chains and promote environmental, social and governance (ESG) goals. This will no doubt continue.

LABOUR SHORTAGES

The pandemic exacerbated labour shortages across many sectors, supply chain included. Other ongoing structural issues, like inflation and an aging workforce, have worsened the situation. Yet there are steps that can ease labour woes: upskilling programs, automated processes, and reviewing retention practices can help.

TECHNOLOGY ADOPTION

Due to these labour shortages, many industries are looking to technology and automation to handle tasks previously done by people. Yet technology shouldn’t replace human beings entirely. People can be re-skilled to use the technology, or to work alongside robots rather than see themselves displaced (hence the term ‘co-bot’). It’s also important that organizations don’t adopt all the technology they can simply because it’s available. Rather, identify a problem then look to technology for potential solutions.

EDUCATION

Online learning gained popularity during the pandemic. Online education opportunities were a good option while we all worked to limit our in-person contacts. Going forward, we’ll likely see more live business events. This includes conferences offering education opportunities. It pays to attend these events to further one’s knowledge of the field.

NEARSHORING AND FRIEND-SHORING

Geopolitical conflict, climate and weather challenges, pandemics, and other issues can strain global supply chains. Concepts like nearshoring, onshoring, and friend-shoring have been discussed as ways to buffer potentially fragile global links. These practices aren’t risk free. For example, they could raise costs, depending on which locations are chosen to replace riskier options. Used strategically, nearshoring may lower exposure to disruption.

To add some seasonal cheer, some things have improved. For example, supply chain bottlenecks have eased, and there’s more volume going faster. And whatever else, supply chain professionals are experts in dealing with disruption and the unknown. That’s something to be thankful for going into 2023.

EDITOR MICHAEL POWER 416-441-2085 x7 michael@supplypro.ca

PUBLISHER ALEX PAPANOU 416-441-2085 x1 alex@supplypro.ca

DESIGN Art Direction ROY GAIOT Design Consultation BLVD AGENCY CUSTOMER SERVICE/PRODUCTION LAURA MOFFATT 416-441-2085 x2 lmoffatt@iqbusinessmedia.com

ASSOCIATE PUBLISHER FARIA AHMED 416-919-8338 faria@supplypro.ca

EDITORIAL ADVISORY BOARD LORI BENSON Procurement Compliance, L&D, Engagement and Knowledge Lead | Business Enablement, Ernst & Young LLP THOMAS HUDEL Manager, Purchasing and AP, Esri Canada Ltd. WAEL SAFWAT Procurement Director, Black & McDonald SHERRY MARSHALL Senior Manager, Meetings, Travel & Card Service, PwC Management Services KIRUBA SANKAR Director, Program Support, Purchasing and Materials Management— City of Toronto JEFF RUSSELL Corporate Purchasing Manager & Inventory Manager, Miller Waste Systems Inc.

iQ BUSINESS MEDIA INC. Vice President STEVE WILSON 416-441-2085 x3 swilson@iqbusinessmedia.com

President ALEX PAPANOU

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