The Modern Supply Chain: Adapting to Disruption Through Digital Transformation.
Businesses worldwide have been adversely impacted by events including natural disasters, geopolitical conflicts, and cyberattacks. The onset of the COVID-19 pandemic sent a global shock wave across every economy. It focused attention on the state of readiness for businesses to secure their company’s supply chain from disruptions, no matter where they might originate.
Making your supply chain resilient
In this whitepaper, we identify three elements that adversely affect a company’s resiliency regarding their supply chain and examine how they affect the automotive, semiconductor, pharmaceutical and healthcare, defense, and retail sectors. We will also present the crucial technology investments forward-looking manufacturers are making today to ensure flexibility and stability in their supply chain: artificial intelligence (AI)/machine learning (ML), cloud, digital supply chain twins, Internet of Things (IoT) intelligence, and robotics.
Businesses are moving to reconfigure their supply chain to be more resilient to local and global
impacts. These companies are focused on addressing three areas of concern: using automation to
augment the workers that support the supply chain, seeking additional suppliers to accommodate
potential disruptions and shortages, and matching supply and demand should another global event,
like the pandemic, occur.
Adopting the right technology to create a robust supply chain helps a company remain competitive
and helps to stabilize its workforce, warehousing, shipping and transportation, and fulfillment. Most
importantly, it provides a platform for growth during stable or difficult times.