{"id":9960,"date":"2022-01-11T08:21:13","date_gmt":"2022-01-11T16:21:13","guid":{"rendered":"https:\/\/www.qad.com\/blog\/?p=9960"},"modified":"2022-02-23T15:10:36","modified_gmt":"2022-02-23T23:10:36","slug":"is-it-safe-to-share-2022-predictions-for-manufacturing","status":"publish","type":"post","link":"https:\/\/www.qad.com\/blog\/2022\/01\/is-it-safe-to-share-2022-predictions-for-manufacturing","title":{"rendered":"Is It Safe to Share 2022 Predictions for Manufacturing and the Supply Chain?"},"content":{"rendered":"

[vc_row][vc_column][vc_single_image image=”9961″ img_size=”full”][vc_column_text]After the last two years, it\u2019s no surprise that some might be hesitant to make predictions about the state of manufacturing, supply chains and digital transformation for the new year. But two of our senior experts wanted to weigh in by sharing their 2022 predictions in VMblog\u2019s 14<\/span>th<\/span> annual predictions series.<\/span><\/p>\n

QAD\u2019s Director of Product Marketing<\/span> Brent Dawkins recently shared his predictions about the <\/span>increasing importance of tight relationships with suppliers<\/span><\/a>, and QAD\u2019s Chief Technology Officer Tony Winter added his predictions relating to the <\/span>hype around hyperautomation<\/span><\/a>. So, let\u2019s break these predictions down.<\/span><\/p>\n

Tightening Supplier Relationships<\/span><\/h1>\n

It\u2019s understandable that the current state of global<\/span> supply chains<\/span><\/a> would be foremost in everyone\u2019s 2022 predictions.<\/span><\/p>\n

In a<\/span> global survey<\/span><\/a> reported by <\/span>Bloomberg<\/span><\/i> of 3,000 CEOs and executives at the director level and above across 10 industries, AlixPartners found that supply chain, labor issues and digitalization were at the top of the list of concerns cited by the respondents. Executives highlighted the urgent need to revise business models to build local, regional and global supply chains.<\/span><\/p>\n

In his 2022 predictions article, Brent describes the challenges manufacturers know all too well in 2021: increasing order fulfillment times and costs resulting from labor and raw material shortages, among others. Supplier network visibility is an area requiring much greater attention.<\/span><\/p>\n

Business leaders are gaining an awareness that something must change, that improved communication and collaboration with suppliers are critical components to a winning strategy.<\/span><\/p>\n

Brent argues that the way to improve supply chain responsiveness and agility is to boost connectivity with suppliers and thus improve data integrity. Having digital connectivity with suppliers results in better communication and better decision-making.<\/span><\/p>\n

Brent also outlines three areas where manufacturers can improve their supplier relationships, <\/span>enhance sourcing decisions<\/span><\/a>, gain one version of the truth from data analytics and achieve better global supply chain performance:<\/span><\/p>\n