The share economy impacts traditional supply chain and procurement practices because of the reliance on the origin of goods and services in the value stream. It disrupts the current state activities because this brings a fragmented and distributed.
Disruptive trends continue to shift the business landscape and challenge longstanding operations. Disruptions come in many forms (natural disasters, raw material availability, factory and line down situations), but innovative and disruptive trends are often overlooked, in particular the share economy. The impact of these trends on supply chain and procurement is not the first to come to mind, however it is an integral part of evolving models to thrive in the future for the share economy. The share economy is projected at a pace to reach $3.5 billion this year, heightening the importance to position or mitigate for trends that rely on distributed models. The trend is propagated by companies and services such as Makerbot, Cohealo, AirBnb, and Lyft with no signs of slowing down, illustrating the viability of such models. Anticipating for such disruptions can mitigate exposures to these trends and position supply chain and procurement strategies to thrive in the upcoming norm.
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Article Source: : SC Services