Recent global events have created new levels of digital disruption, highlighting a lack of supply chain visibility into business and operations. In the face of disruption, organizations were left unable to forecast demand, predict supply and meet delivery schedules.
Organizations of all sizes need to speed up their transformation initiatives to increase flexibility, agility and visibility for a more resilient supply chain.
Digitizing supply chains through modern integration, automation and secure and connected ecosystems makes it easy to manage information flows and uncover the insights to ensure continued operations, even in the face of major disruptions.
Disruption alongside increasing economic pressures to decrease costs, without reducing business outcomes, is driving the need for greater digital transformation and supply chain optimization.
91% of business leaders believe their company has a responsibility to act on ESG issues, driving the need to ensure sustainable, ethical supply chains. Going forward, organizations that understand and act on customer expectations around ethical, sustainable sourcing will demonstrate leadership in environmental, social and governance (ESG).
50%+ of companies lack end-to-end supply chain visibility, leading companies to add oversight to their supply chain to mitigate disruption risk. Organizations need Control Towers to better monitor transaction flows to create a transparent, agile and resilient supply chain that mitigates risk across the entire ecosystem.
95% of executives agree that the circular economy poses an opportunity for their organization, increasing the focus on complete product lifecycle processes. Intelligent, connected and secure business network platforms alongside innovative technologies are the key to closing the circularity gap and evolving business models for the circular economy.
72% of suppliers that experienced a supply chain disruption lacked the visibility to come up with a fast and effective solution, highlighting a need for better insights. Organizations need to use analytics, artificial intelligence and machine learning to avoid disruptions and create autonomous, resilient supply chains.
Digitizing supply chains enables automated Order-to-Cash and Procure-to-Pay processes, improved collaboration with key stakeholders across the digital ecosystem and increased end-to-end supply chain visibility. Improve business benefits and create efficient B2B operations that address current business needs and emerging risks.
Companies of all sizes face a similar challenge in today’s world, connecting with customers and trading partners around the world. Modern supply chain integration allows all organizations to seamlessly integrate the right people, processes and technologies into their digital business ecosystem.
Manually connecting the once linear supply chain into a complex interconnected supply ecosystem is slow and often pulls resources from business growth areas. Supply chain optimization through automation creates digitized and integrated networks that allow for increased efficiency and productivity.
Staggering amounts of information passing from sensors to the cloud to business systems and back opens organizations to security breaches when not managed properly. Connecting supply chain ecosystems with secure access points and credentialing seamlessly tracks shipments from start to finish, while preventing breaches.