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The domestic supply chain has changed in ways few could predict. It has rebuilt itself in new, dynamic ways, with a stronger version of Just-in-Time shipping emerging. It is called "Just-in-Time 2.0." This new model keeps the best parts of the old system while focusing on shorter, resilient lines of transport with greater redundancy.
Host Jonathan Betz is joined by Dr. Thomas Goldsby, the Professor of Supply Chain Management at Haslam College of Business at the University of Tennessee, and Greg Plemmons, the Executive Vice President and Chief Operating Officer at Old Dominion Freight Line.
Their conversation explores the advantages and challenges of Just-in-Time 2.0, near-shoring options, and the new AI tools companies can access when planning for future demands.
Key Takeaways:
Did Just-in-Case shipping solve Just-in-Time 1.0 supply chain issues? [1:41]
Advantages and challenges of Just-in-Time 2.0 shipping. [8:53]
Current geo-political business challenges and near-shoring opportunities. [12:26]
Has near-shoring improved supply chain resilience and can companies bear the cost? [17:30]
Does 3D printing or Additive Manufacturing lessen dependence on distant suppliers? [22:41]
The data analytics companies can use to predict demand accurately. [24:28]
Resources:
Shippers can direct freight-related questions to marketing@ODFL.com.
