The author also emphasizes the importance of preparing talent for digitization and fostering an organizational culture that embraces new technology. Additionally, modern businesses should prioritize sustainability to improve their marketplace reputation and fulfill their corporate social responsibility goals. The article concludes by stating that the supply chain disruption of recent years has highlighted the need to future-proof supply chains and prioritize resilience.
Key takeaways:
- Only 20% of organizations consider themselves able to handle today’s supply chain challenges with consistent success, and a step-change digital transformation is needed to build a more predictive, responsive, agile and resilient supply chain.
- The shift toward an intelligent supply chain requires organization-wide support and involves addressing key challenges, assessing the future readiness of existing supply chains and making necessary adjustments.
- A future-fit supply chain requires skilled employees that can respond to industry dynamics, and organizations must invest in training, upskilling and talent development to successfully digitize their supply chains.
- Modern businesses must prioritize sustainability to improve their marketplace reputation and fulfill their corporate social responsibility goals, and intelligent supply chains can help achieve this by bringing transparency and traceability to product and material flows.