MHI Solutions Improving Supply Chain Performance
CEO Update
According to the 2024 MHI Annual Industry Report, the biggest supply chain trends include AI, robotics, automation, cybersecurity and sustainability. The common theme for all these trends is the growing need for transparent, data-driven supply chains. This is no easy task, and you can’t get there without a commitment to data integrity, an innovative workforce culture and supplier collaboration.
Data plays a central role. By collecting and analyzing data, companies can track the journey of their products from raw materials to finished goods. This data provides valuable insights into the practices of suppliers and helps identify potential supply chain risks, inefficiencies and areas for improvement. Accurate and timely data is especially critical to implementing AI as it fuels the ability of AI systems to learn and make accurate predictions and decisions.
Furthermore, data helps companies measure and track their sustainability efforts. By monitoring key performance indicators such as carbon emissions, water usage and waste generation, companies can set targets for reducing their environmental impact and track their progress. This data can also be shared with consumers, investors and other stakeholders to demonstrate a company’s commitment to sustainability.
This issue of MHI Solutions covers a variety of topics around this theme, including the business case for automation, tools for Scope 3, as well as best practices for data analytics and AI implementation. I hope it provides the information and resources you need to help you on this important journey.
The technologies necessary for resilient supply chains will be fully displayed at our ProMat trade show next March. ProMat 2025 will feature over 650,000 square feet of exhibits showcasing the latest manufacturing and supply chain technology as well as four keynotes and over 165 supply chain educational seminars. ProMat will be the largest supply chain event in 2025 and your best chance to learn and source leading solutions for your operations. It’s also a free training asset for your team. You can learn more and register to attend at promatshow.com.
In today’s world, data is the key to the kind of resilient, transparent and sustainable supply chain operations that are no longer optional—they will be necessary for success in 2025 and beyond. Firms that embrace data integrity and innovation have an opportunity to differentiate themselves in the market, build trust with both their workers and their customers and create a more resilient and responsible supply chain.
John Paxton
Chief Executive Officer, MHI