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Latest in Digital Supply Chain Management
Companies are boosting performance with digital transformation of their supply chain. Check out these industry articles, presentations and more addressing digital transformation of the supply chain.
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DIGITIZATION, SUPPLY CHAIN, TRANSPORTATION AND LOGISTICS | 03 JUNE 2020
Resilient Supply Chains and the Technology Behind Them
“The COVID-19 pandemic has created chaos in supply chains, exposing the value in having agile, resilient supply chain management. Supply chains are currently operating below capacity and drops in revenue have hindered investments in innovation in many cases. However, this crisis has spurred interest in digitalized solutions and this will likely be a significant area of investment in the coming years.”
Check out the whitepaper: “The Hitchhiker’s Guide to Supply Chain Visibility.”
What is the solution for achieving supply chain visibility? Read the whitepaper to gain insight in how to respond quickly to unfolding world or marketplace events.
A recent McKinsey study found that the average supply chain has a digitization level of 43%, the lowest of five business areas that were examined.
The same McKinsey research suggests that, on average, companies that aggressively digitize their supply chains can expect to boost annual growth of earnings before interest and taxes by 3.2%—the largest increase from digitizing any business area—and annual revenue growth by 2.3%.
In a recent survey, KPMG asked retailers and manufacturers to identify their main reasons for investing in digital supply chain. More than half of the respondents identified the need for real-time product visibility as a leading driver.
Fifty-eight percent of all companies indicated they are rethinking their current business model as a result of, or to take advantage of, the changing digital landscape. Additionally, 70% of them noted that accelerated digital transformation is a strategic focus.
Effective supply chain management in manufacturing is essential for collaboration and coordination, as well as efficient business practices.
In today’s increasingly complex and digitally driven supply chain, where competitive advantage can quickly evaporate and on-time practically means yesterday, smart integration is essential to stay competitive. Industry Week shares some ways to use integration to boost productivity and effectiveness.
