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Most studies, reports and future trends focus on data, benchmarks and projections based on interviews from experts. The question I had a lot of times by reading the latest trend analysis or studies was, what to do now? In this release I will try to translate how the disruptive technology trends will impact the procurement function and how procurement could evolve to transition successfully into the future based on some concrete examples. I would like to invite everybody to provide feedback, own insights and contribute to a lively discussion. I don’t expect to find the ultimate truth or even be able to predict the future. I’m a strong believer in the quote from Niels Bohr that "prediction is very difficult, especially if it's about the future."

Dan BartonFast food has become the new battlefield for sales, the new frontier for customer-alluring innovations in edibles, and supply chain professionals have taken competition to new heights. Some QSR trends, in particular, are responsible for notching the proverbial bar ever-skyward, with smaller, upstart chains threatening to outpace larger, established competitors on niche offerings and supply chain agility alone. Ignoring these trends is no longer a viable operational option. No matter what your menu hinges on, there is always room to smoothly work in new creations, or tweak your supply chain for efficiency. As you fight to keep your brand on top in the QSR wars, there are three prominent trends that you need to be aware of.

High Impact Blog TopPackaging specifications influence the value chain

The packaging specification market is expected to grow to around $1 trillion by 2020, according to the research firm, Smithers Pira, making up around 200+ million packaging SKUs around the world. With 60 million in the United States alone – this number is growing daily, as is the complicated process of sharing specs and managing them, both internally and externally. This growing complexity impacts the entire value chain.

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Understanding supply chain risks in produce deliveries to restaurants and to the end consumer.

Restaurant owners need to check their suppliers’ food origins, credentials, transportation and procedures carefully before ordering produce from them. Supply chain visibility in produce is not as strong as other industry products and a lot of restaurants buy produce from multiple suppliers. Therefore they cannot know all the details of the origin of the produce they use.

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The “Little Guys” Play a Major Role in Preventing Breaches

The network security of a small, third-party provider of heating, ventilation and air conditioning services was compromised when an employee fell for a phishing scheme. Why should we care? That breach resulted in 110 million payment card and customer records stolen and millions of dollars in damages for this provider’s customer: The Target Corporation.

 

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