What Happened
Companies Overhaul Inventory Systems Amid Uncertainty
The ongoing Middle East crisis has led to a protracted period of disruption across global supply chains, forcing manufacturers to rapidly pivot to new suppliers without adequate compliance checks. This has highlighted the need for companies to overhaul their outdated inventory and data systems, which often lack real-time visibility into stock levels, supplier status, and compliance data. According to experts, including Rush Wehbi, founder and CEO of Sell The Trend, and Catherine Cormier, chief innovation officer at Assent, companies require clean legal documents, current inventory data, and cohesive documentation workflows to ensure new vendors are compliant. This was reported by Forbes.