Two-day, one-day, same-day — notice a trend? The consumer expectation of faster deliveries and fulfillment begets faster supply chains.
Firms are making adjustments in the value chain and within the four walls to speed up operations, whether it’s moving production closer to consumers, improving speed-to-market or integrating technology to cut down on lead times.
Yet speed isn’t the be-all-end-all. Supply chain managers must strive for speed while maintaining accuracy, reliability and resiliency.
We posed the question to four consultants: What is the importance of speed in the modern day supply chain?
The answers below have been edited for clarity and length.