In our latest article, we assess the future of supply chain technology in times of uncertainty and an unpredictable landscape.
When COVID-19 caused global economies to halt suddenly in 2020, there was hope that two years later the world would get back to a sense of normality. However, over the last two years organisations have struggled to implement digital transformation strategies and return to a pre-pandemic normal. As we move to the end of 2022, the post-Covid world continues to impact supply chains.
It’s not only the pandemic that organisations had to face head on this year. The Russian-Ukraine war also impacted production and supplies for a number of industries. Furthermore, the Pakistan floods and continued lockdowns in China have demonstrated the need for resilience in an unpredictable landscape.
Embracing supply chain technology to combat unpredictability
These events and others have elevated the need for organisations to embrace technology in their supply chain to manage this unpredictability.
According to a recent Gartner survey, 50% of global eCommerce companies will invest in real-time supply chain and advanced analytical solutions by 2023. This represents a significant investment to help solve the issues of global supply chain disruption.
With the right technologies and strategies in place, organisations can effectively manage and mitigate challenges and disruptions.
As we enter 2023, we can predict that material and labour shortages will continue, thus halting this area in the supply chain. What does this mean for the business? Will invoices be sent in time? Product shipments unable to go out?
E-enablement solutions can provide greater levels of visibility, auditability and control. Technology in the supply chain is getting smarter. Work once restricted to paperwork and Excel documents can now be handled in smart portals, making the processes efficient and transparent, helping to solve the challenges in supply chain management in an unpredictable landscape.
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