In this episode, we talk about how an automotive supplier used a digital twin to improve their contingency planning and made their supply chain more resilient, and we learn more about how scenario’s run with their digital twin improved operations and increased efficiency.
The Chinese economy is booming. The Chinese government has been one of the prominent supporters of this economic growth. They have invested heavily in infrastructure like airports, seaports, and projects like the new silk road. Just pick up something nearby. Chances are high it says “Made in China”...
In a world that keeps getting faster and with customers that keep getting more demanding, you need to make sure your supply chain strategy stays aligned with events unfolding. Part of that strategy is making sure you can improve the forecast of your demand and plan accordingly.
There can be many reasons to optimise your supply chain network design: expansion of your business to new markets or countries, launching a new product line, or a change of suppliers.
Sometimes supply chain networks grow into Rube Goldberg Machines. Warehouses, routes, and processes are added. The whole system still works, but it’s far from optimal. A periodic review of the effectiveness of your supply chain network can increase its efficiency and save companies time and money. So how to go about optimizing your supply chain design?
With total revenue of 1.3 trillion US dollars, China is the biggest market for the food & beverage sectors. Traditionally, the food & beverage market is very competitive, but Western brands still have a massive potential to enter the Chinese markets. Shanghai and Beijing are the first cities that come to mind for companies to enter the market, but keep in mind that China has 16 cities with a population of more than 10 million and 65 cities with more than 1 million inhabitants. A single city is a market in itself.