Mercado | Insights - What I Learned in Supply Chain, by Rob Garrison

Insight – The ‘90s called

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Insights: What I Learned In Supply Chain This Week Series
The ‘90s called, and they want their supply chain “Office” back!
Tags: Global Supply Chain, First Mile, Final Mile, Technology
Dallas-based startup empowers businesses to optimize international trade.
When I began in this industry, the common tools for managing the supply side of the supply chain were email and Excel.

These tools weren't selected because they were the best tools, they were chosen because they were the only tools.

It’s incredible that 30 years later, email and Excel are still the predominant method for managing the planning and buying functions of the import supply chain.

The US purchases more than $2 trillion dollars’ worth of inventory from abroad - so supply chain buying is likely the largest industry in the world that has not yet been disrupted by modern tech.

Importantly, the last three years have proven to be even more challenging than normal - trade wars, tariffs, sourcing shifts, increasing consumer awareness, and radical improvements on the demand side of the supply chain — and now the Coronavirus.

It’s time for a change. The Supply Side’s "first mile" must deploy the same technology as the Demand Side’s "final mile". Until then, it will be difficult at best to reduce the tremendous disconnects, exposure, and waste that companies face without the proper tools in place.
ABOUT THE SERIES

Each week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of a series run for his LinkedIn followers. Each article aims to share a little insight into what's going on that week and to help foster discussion amongst industry professionals across levels, geographies, and companies.

You can connect with Rob on Linkedin by following this link.
GT Nexus founder and supply chain industry veteran, John Urban, has joined the Mercado board of directors.
The ‘90s called, and they want their supply chain “Office” back!

When I began in this industry, the common tools for managing the supply side of the supply chain were email and Excel.

These tools weren't selected because they were the best tools, they were chosen because they were the only tools.

It’s incredible that 30 years later, email and Excel are still the predominant method for managing the planning and buying functions of the import supply chain.

The US purchases more than $2 trillion dollars’ worth of inventory from abroad - so supply chain buying is likely the largest industry in the world that has not yet been disrupted by modern tech.

Importantly, the last three years have proven to be even more challenging than normal - trade wars, tariffs, sourcing shifts, increasing consumer awareness, and radical improvements on the demand side of the supply chain — and now the Coronavirus.

It’s time for a change. The Supply Side’s "first mile" must deploy the same technology as the Demand Side’s "final mile". Until then, it will be difficult at best to reduce the tremendous disconnects, exposure, and waste that companies face without the proper tools in place.
ABOUT THE SERIES

Each week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of a series run for his LinkedIn followers. Each article aims to share a little insight into what's going on that week and to help foster discussion amongst industry professionals across levels, geographies, and companies.

You can connect with Rob on Linkedin by following this link.
                       

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Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
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Terms of Service   |   Privacy Policy
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Copyright © Mercado Labs
Made with    by studionine.agency
                       

Terms of Service   |   Privacy Policy
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Copyright © Mercado Labs
Made with    by studionine.agency
                       

Terms of Service   |   Privacy Policy
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Copyright © Mercado Labs
Made with    by studionine.agency