{"id":103154,"date":"2023-03-21T15:40:18","date_gmt":"2023-03-21T19:40:18","guid":{"rendered":"https:\/\/envistacorp.com\/?p=103154"},"modified":"2025-03-03T08:20:31","modified_gmt":"2025-03-03T13:20:31","slug":"toms-takes-whats-happening-with-the-global-supply-chains-part-1","status":"publish","type":"post","link":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/","title":{"rendered":"Tom&#8217;s Takes: What&#8217;s Happening With the Global Supply Chains? Part 1"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\n<p>In this issue of Tom\u2019s Takes, Tom Stretar, Vice President in enVista\u2019s Technology Solution Group, met with Nate Rosier, Senior Vice President and Consulting Group Leader, to discuss the state of the <a href=\"https:\/\/envistacorp.com\/blog\/what-are-global-supply-chains-and-how-can-they-be-improved\/\">global supply chain<\/a> as it relates to the economy. Here is a summary of their discussion in a Q&amp;A format:<\/p>\n\n\n\n<p><strong>Tom Stretar: Nate, how is inflation affecting the supply chain?<\/strong><\/p>\n\n\n\n<p><strong>Nate Rosier:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Companies are experiencing significant wage pressures across their entire supply chains. The costs of all labor-related activities from manufacturing through all modes of freight transportation to warehousing and finally to last-mile delivery \u2013 are on the rise.<\/li>\n\n\n\n<li>In addition to increased labour costs, raw materials, packaging and infrastructure costs (such as tractor-trailers, distribution centre leasing and fuel costs) have been on the rise over the past 12+ months.<\/li>\n\n\n\n<li>These cost increases change how companies view supply chains to ensure cost containment. It also impacts the need to continually adjust to these cost pressures in order to meet profitability targets.<\/li>\n<\/ul>\n\n\n\n<p><strong>Tom Stretar:<\/strong> <strong>What are the top 2-3 issues facing today\u2019s chief logistics officers?<\/strong><\/p>\n\n\n\n<p><strong>Nate Rosier:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The top issue for most supply chains is forecasting, planning and managing the increasing complexity. E-commerce growth, shifts in demand patterns, shifts in supply and raw material availability, shifting cycle times and increasing demand variability are making it difficult to ensure proper inventory levels throughout the calendar year.<\/li>\n\n\n\n<li>The next largest issue currently is largely a talent issue; there is not enough supply chain labour available to work in warehouses, drive trucks and to plan and forecast all the above issues cited.<\/li>\n\n\n\n<li>The third issue we see across all our clients is that processes and systems cannot deal with the increasing complexity and variability in today\u2019s supply chains. This would include enterprise resource planning, order management, warehouse management and transportation management systems.<\/li>\n<\/ul>\n\n\n\n<p><strong>Tom Stretar:<\/strong> <strong>&nbsp;Finally, can you speak to what\u2019s happening with inventory levels in 2023?<\/strong><\/p>\n\n\n\n<p><strong>Nate Rosier:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>From 2016 to 2019, the global economy experienced very stable years from a demand perspective.\u00a0The 2020 COVID-19 event created unprecedented changes to supply and demand that very few companies were prepared to deal with.\u00a0<\/li>\n\n\n\n<li>For many companies demand significantly rose at the end of 2020 then 2021 was a record year in overall growth.\u00a0However, supply did not keep up, so most companies over-ordered.\u00a0Demand slowed in 2022, <a href=\"https:\/\/envistacorp.com\/blog\/the-bullwhip-effect-in-supply-chain\/\">creating a bullwhip<\/a> where inventory caught up to \u2018previous\u2019 demand forecasts.\u00a0Therefore, inventory levels have risen dramatically over the past several months in many consumer-related companies.\u00a0<\/li>\n\n\n\n<li>High inventory levels have many negative impacts on logistics costs and profitability including increased storage cost, reduced cash on hand and increased probability of product obsolescence for some vertical markets (such as fast fashion), resulting in product markdowns and liquidation strategies.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-style-plain is-layout-flow wp-block-quote-is-layout-flow\">\n<p style=\"font-size:18px\"><strong>Tom\u2019s Take \u2013 \u201cThanks to Nate Rosier for his excellent insights on the current state of the supply chain and how inflation, cost and inventory pressures are being addressed firsthand by logistics leaders. Look for part two of our interview in an upcoming issue of Tom\u2019s Takes when we discuss network optimization and the strategies companies are executing in today\u2019s evolving supply chain world.\u201d<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p>Learn how enVista can help address key challenges, such as labor, inventory and growth. Let\u2019s have a conversation.\u00ae<\/p>\n","protected":false},"excerpt":{"rendered":"<p>enVista&#8217;s Tom Stretar and Nate Rosier discuss the state of the global supply chain, including inflation, inventory, and labour challenges. <\/p>\n","protected":false},"author":30,"featured_media":103170,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_searchwp_excluded":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[3475],"tags":[3509],"class_list":["post-103154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-supply-chain"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tom\u2019s Takes: Global Supply Chains \u2013 Part 1 | enVista<\/title>\n<meta name=\"description\" content=\"enVista&#039;s Tom Stretar and Nate Rosier discuss the state of the global supply chain, including inflation, inventory, and labour challenges.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tom\u2019s Takes: Global Supply Chains \u2013 Part 1 | enVista\" \/>\n<meta property=\"og:description\" content=\"enVista&#039;s Tom Stretar and Nate Rosier discuss the state of the global supply chain, including inflation, inventory, and labour challenges.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/\" \/>\n<meta property=\"og:site_name\" content=\"enVista Australia\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-21T19:40:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-03T13:20:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/envistacorp.com\/en-au\/wp-content\/uploads\/sites\/4\/2023\/03\/shutterstock_2095902889.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tom Stretar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tom Stretar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tom\u2019s Takes: Global Supply Chains \u2013 Part 1 | enVista","description":"enVista's Tom Stretar and Nate Rosier discuss the state of the global supply chain, including inflation, inventory, and labour challenges.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/","og_locale":"en_US","og_type":"article","og_title":"Tom\u2019s Takes: Global Supply Chains \u2013 Part 1 | enVista","og_description":"enVista's Tom Stretar and Nate Rosier discuss the state of the global supply chain, including inflation, inventory, and labour challenges.","og_url":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/","og_site_name":"enVista Australia","article_published_time":"2023-03-21T19:40:18+00:00","article_modified_time":"2025-03-03T13:20:31+00:00","og_image":[{"width":1000,"height":540,"url":"https:\/\/envistacorp.com\/en-au\/wp-content\/uploads\/sites\/4\/2023\/03\/shutterstock_2095902889.jpg","type":"image\/jpeg"}],"author":"Tom Stretar","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tom Stretar","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/#article","isPartOf":{"@id":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/"},"author":{"name":"Tom Stretar","@id":"https:\/\/envistacorp.com\/en-au\/#\/schema\/person\/3672c6dccd6474063405748dffd7e6c4"},"headline":"Tom&#8217;s Takes: What&#8217;s Happening With the Global Supply Chains? Part 1","datePublished":"2023-03-21T19:40:18+00:00","dateModified":"2025-03-03T13:20:31+00:00","mainEntityOfPage":{"@id":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/"},"wordCount":548,"commentCount":0,"publisher":{"@id":"https:\/\/envistacorp.com\/en-au\/#organization"},"image":{"@id":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/#primaryimage"},"thumbnailUrl":"https:\/\/envistacorp.com\/en-au\/wp-content\/uploads\/sites\/4\/2023\/03\/shutterstock_2095902889.jpg","keywords":["Supply Chain"],"articleSection":["Blog"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/","url":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/","name":"Tom\u2019s Takes: Global Supply Chains \u2013 Part 1 | enVista","isPartOf":{"@id":"https:\/\/envistacorp.com\/en-au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/#primaryimage"},"image":{"@id":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/#primaryimage"},"thumbnailUrl":"https:\/\/envistacorp.com\/en-au\/wp-content\/uploads\/sites\/4\/2023\/03\/shutterstock_2095902889.jpg","datePublished":"2023-03-21T19:40:18+00:00","dateModified":"2025-03-03T13:20:31+00:00","description":"enVista's Tom Stretar and Nate Rosier discuss the state of the global supply chain, including inflation, inventory, and labour challenges.","breadcrumb":{"@id":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/#primaryimage","url":"https:\/\/envistacorp.com\/en-au\/wp-content\/uploads\/sites\/4\/2023\/03\/shutterstock_2095902889.jpg","contentUrl":"https:\/\/envistacorp.com\/en-au\/wp-content\/uploads\/sites\/4\/2023\/03\/shutterstock_2095902889.jpg","width":1000,"height":540,"caption":"Aerial view of large yellow cranes loading and unloading colorful shipping containers onto cargo ships docked at a busy port, with turquoise water alongside the pier."},{"@type":"BreadcrumbList","@id":"https:\/\/envistacorp.com\/en-au\/2023\/03\/21\/toms-takes-whats-happening-with-the-global-supply-chains-part-1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/envistacorp.com\/en-au\/"},{"@type":"ListItem","position":2,"name":"Tom&#8217;s Takes: What&#8217;s Happening With the Global Supply Chains? Part 1"}]},{"@type":"WebSite","@id":"https:\/\/envistacorp.com\/en-au\/#website","url":"https:\/\/envistacorp.com\/en-au\/","name":"enVista Australia","description":"Enabling Enterprise Commerce","publisher":{"@id":"https:\/\/envistacorp.com\/en-au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/envistacorp.com\/en-au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/envistacorp.com\/en-au\/#organization","name":"enVista Australia","url":"https:\/\/envistacorp.com\/en-au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/envistacorp.com\/en-au\/#\/schema\/logo\/image\/","url":"https:\/\/envistacorp.com\/en-au\/wp-content\/uploads\/sites\/4\/2021\/10\/enVista_Logo_White-1.png","contentUrl":"https:\/\/envistacorp.com\/en-au\/wp-content\/uploads\/sites\/4\/2021\/10\/enVista_Logo_White-1.png","width":348,"height":152,"caption":"enVista Australia"},"image":{"@id":"https:\/\/envistacorp.com\/en-au\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/envistacorp.com\/en-au\/#\/schema\/person\/3672c6dccd6474063405748dffd7e6c4","name":"Tom Stretar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/369a516c3e991a407e7faa43eb87d046cc901c044b0b37860e859f839a3cc2c7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/369a516c3e991a407e7faa43eb87d046cc901c044b0b37860e859f839a3cc2c7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/369a516c3e991a407e7faa43eb87d046cc901c044b0b37860e859f839a3cc2c7?s=96&d=mm&r=g","caption":"Tom Stretar"},"description":"Tom Stretar is a Vice President in enVista\u2019s Technology Solution Group. With over 28 years of supply chain consulting experience, Stretar has helped transform the distribution operations of several Fortune 100 companies including AmerisourceBergen, Kroger, McKesson, PepsiCo and SYSCO.","sameAs":["https:\/\/www.envistacorp.com"],"url":"https:\/\/envistacorp.com\/en-au\/author\/tstretar\/"}]}},"_links":{"self":[{"href":"https:\/\/envistacorp.com\/en-au\/wp-json\/wp\/v2\/posts\/103154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envistacorp.com\/en-au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envistacorp.com\/en-au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envistacorp.com\/en-au\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/envistacorp.com\/en-au\/wp-json\/wp\/v2\/comments?post=103154"}],"version-history":[{"count":0,"href":"https:\/\/envistacorp.com\/en-au\/wp-json\/wp\/v2\/posts\/103154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/envistacorp.com\/en-au\/wp-json\/wp\/v2\/media\/103170"}],"wp:attachment":[{"href":"https:\/\/envistacorp.com\/en-au\/wp-json\/wp\/v2\/media?parent=103154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envistacorp.com\/en-au\/wp-json\/wp\/v2\/categories?post=103154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envistacorp.com\/en-au\/wp-json\/wp\/v2\/tags?post=103154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}