Supply chains can become fragile and broken. Managing abrupt changes in the manufacturing environment — both planned and unplanned — is among the key benefits of the digital enterprise.
European Union tech czar Margrethe Vestager will unveil on Wednesday plans to help the bloc compete with the U.S. and China’s technological might on its own terms.
Analyst Insight: With fierce global competition and changing regulations in the food and beverage industry, the speed at which enterprises can react and adapt is imperative to their success. Digital solutions that provide supply-chain visibility from field to factory, distributor and customer have disruptive potential. These solutions generate a tremendous amount of data that can be harvested and used to optimize processes, identify risks, and improve quality in real time.
Analyst Insight: Eighty-three percent of participants in APQC’s quick poll research report that their supply chains are undergoing digital transformation. Yet despite the widespread embrace of this major organizational change, digital transformation in many supply chains suffers from the lack of a consistent definition and overarching strategy. As a result, rather than realizing the strategic integration of multiple technologies, too many organizations are solving discrete business problems with one-off digital solutions.
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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