Profit margins are under pressure as costs creep up throughout the supply chain network. These costs come from many areas, and a lack of visibility and accountability for reducing them can result in rising operational expenses.
Consumers have never had more choices and every industry is embracing the digital 4.0 revolution. At the same time, omnichannel offerings will keep expanding, wreaking havoc on operations. Many organisations are yet to nail down a solid plan
for their supply chain to efficiently handle the growing shift in buying behaviour.
Continuous supply chain alignment will be the new norm.
Companies now see the value of implementing supply chain-focused strategies to achieve better alignment with the company’s broader business initiatives. Technology and innovation will become increasingly scalable. Innovation leveraged the exponential explosion in the access to computing power and the availability of reliable, large-scale datasets.