The Business Times: Manoeuvre with greater agility
THIS WEEK’S TOPIC: What lessons can be drawn from the ongoing supply chain problems around the world
Jonathan E SavoirCEO and Co-Founder Quincus
COUNTLESS supply chains around the world have been crippled due to obsolete systems. As supply chain complications – from rising freight charges to material shortages – continue to disrupt industries worldwide, there are three factors that companies can consider for a more sustainable supply chain: digitalisation, visibility, and optimisation. Innovative technologies such as artificial intelligence and big data provide end-to-end transparency and optimisation across the supply chain. Access to real-time insights of on-the-ground activities allows companies to execute better remedial actions while making strategic decisions to optimise operational efficiency.