MHI Solutions Improving Supply Chain Performance
CEO Update
The efficient movement of goods and products is the lifeblood that fuels supply chain operations. Each stage of this process carries its own set of complexities and challenges. One thing that is true for all stages is that speed, accuracy, efficiency and transparency are paramount.
Meeting the challenges of first, middle and last mile logistics is no easy feat—getting the right product to the right place at the right time during each stage is both critical and complex. Each stage has unique challenges and addressing them requires strategic planning, efficient execution and increasing tech innovation.
The rise of e-commerce and increasing customer expectations have only magnified this complexity. Customers expect speed, real-time tracking and multiple delivery options—and free delivery.
While these challenges can seem daunting, with tech investments, strategic planning and efficient execution, they can be turned into a competitive advantage. Integrating the right technology in each delivery stage is key. By addressing the challenges head-on, businesses can ensure a smooth, efficient and customer-centric supply chain, turning logistical challenges into operational wins.
According to the newly released 2024 MHI Annual Industry Report, 55% of the manufacturing and supply chain professionals surveyed said they plan on increasing their investments in digital supply chain tech and innovation.
The report also predicts a strong uptick in the adoption of these technologies, with 88% planning to invest more than $1 million and 42% planning to invest over $10 million over the next two years.
This issue of MHI Solutions highlights the top trends and technologies driving first, middle and last mile logistics. These solutions not only include automation and robotics but also tools that enable more powerful uses of data such as machine learning and artificial intelligence.
This issue also includes detailed information on MODEX 2024, which will be held March 11-14 in Atlanta, GA. MODEX is where the brightest minds in manufacturing and the supply chain will gather to learn and discuss these leading technologies and trends, as well as the challenges and opportunities that the future holds.
With over 1,175 exhibitors, five keynotes and 200 educational sessions, MODEX is where leading companies can find the latest information and practical advice on supply chain investments. It is also the best place to see in person and experience the latest and greatest supply chain equipment and technology innovations.
I hope you find this issue of MHI Solutions helpful by providing information and resources as you continuously invest in your supply chain performance.
John Paxton
Chief Executive Officer, MHI