Apple constantly focuses on innovation and making quality products using new technologies. Be it iPhone, MacBook, iPad, or Watch, Apple supplies goods that are not seasonal and have a life cycle of more than 12 months.
Let us look at some of the top 10 reasons on what makes Apple’s Supply Chain the best in the world.
Every aspect of industry, including supply chains, has been affected by COVID-19. Supply chain financing will assist companies struggling to meet their payments during this unpredictable phase.
Many companies have undergone a dramatic disruption in cash flow, still recovering from the impact of this Great Recession. When goods and materials remained idle in shipping containers or warehouses, payments became unpredictable.
Matt Lekstutis, global practice leader of supply chain at Tata Consultancy Services says “Supply chain finance can bring stability and flexibility to these supply chains by bringing the lowest cost of capital to where it is needed most in the supply chain to shift focus from survival to improving efficiency, innovation and investment in new products”.
Finance in the supply chain allows consumers and manufacturers to get more consistency in their payments. Sebastiaan Wissink, a consultant at the Dutch consultancy firm Capital Chains, said that buyers and suppliers need liquidity in the supply chain, particularly now.
What is meant by supply chain finance?
The aim of supply chain finance is to minimize costs for both the buyer and the seller. Usually, it needs a cloud-based platform that both the consumer and supplier have access to.
The video given below explains in detail on what are the four benefits of Supply Chain Finance.
Maersk is working with the US drug maker Covaxx to provide logistical support for the distribution of Covid-19 vaccines.
While several shipping companies have confirmed plans to be ready to distribute the planned vaccine, Maersk is the first shipping company to proactively prepare for what has been described as the world’s largest product launch in history.
The agreement with Covaxx sets out a structure for all transport and supply chain providers to distribute vaccines across the world.
For retailers, warehouse owners, suppliers and distribution firms, 2020 has been a dizzying year, as the pandemic has triggered large changes in customer purchasing behavior that will affect supply chains for many years to come. According to emarketer.com, ecommerce sales in US will touch a new high of around $800 Billion by the end of 2020. However the sales from Brick and Mortar have significantly dropped unlike any other year.
This is entirely due to the lockdowns imposed across the world due to the Covid-19 pandemic. In order to help them respond to rapid shifts in customer behavior, supply chain operations of all sizes have been pursuing new strategies and real-time technology since early 2020, many of which will begin to intensify in 2021.
This year, for small and medium-sized businesses, their activities have been particularly challenging, requiring them to adapt faster in order to keep up with larger rivals. These developments will be a critical part of their preparation when supply chain managers begin reviewing their plans for 2021.
Lets take a detailed look at the top 5 trends for 2021 in the video given below:
What is the difference between Sourcing and Procurement? Take a look at this video to learn more.
