Why the Future of CPG Supply Chains is Autonomous

Consumer goods companies are currently facing a crucial decision point regarding their supply chain planning strategies. The effectiveness of conventional forecasting models has diminished due to changing circumstances, highlighting the necessity for autonomous supply chains. In a recent panel discussion that included industry experts from McKinsey and o9, the focus was on examining the hurdles and fundamental principles involved in implementing this transformative approach. Key factors identified during the discussion include data quality, the role of humans, master data management, comprehensive change management, and executive sponsorship. It is crucial for companies to adapt to this approach due to the potential benefits it offers, such as increased revenue, improved service levels, reduced inventory, and cost reduction.