How companies can digitalise their supply chains and operations
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MUCH has been said about the disruptions and impacts caused by Covid-19. As the world starts to open up and recover, supply chain delays continue for a variety of reasons, be it a shortage of components, delays in shipping, as well as the continued high price of shipping. Companies have to react to both changing macroeconomic factors and technology transformation at the same time.
To some extent, these trends are interrelated. A recent report by Citi and the Economist Intelligence Unit (EIU) showed that global supply chain managers have put in more effort in digitalising their supply chains since the pandemic started.
Out of 175 managers surveyed, 32.5 per cent spoke of increased investment in digital tools or processes. Forty per cent of managers in Asia spoke of increased digitalisation investment, more than in Europe and North America.
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