3M is focused on enhancing delivery reliability by improving equipment utilization and demand forecasting, as emphasized by CEO Bill Brown during the Q3 earnings call. The company achieved an on-time in-full rate of 89%, moving closer to its target of over 90%. Brown acknowledged past losses due to poor delivery performance but expressed optimism about current improvements. 3M is addressing supply chain inefficiencies through better equipment efficiency tracking and more stringent supplier standards while redesigning its forecasting processes to enhance operational performance and organic growth.

Source: https://www.supplychaindive.com/news/3M-OTIF-delivery-rating-Q3-2024-earnings/731492/