Supply and value chains have undergone a dramatic shift since early 2020. While some changes were already in progress, many adjustments were required to adapt to the disruptions. Companies leveraged many tools, including technology, to stay agile, competitive and resilient. An SAP white paper notes that today’s supply chains have become part of a company’s differentiation strategy or competitive advantage. By becoming resilient, your supply chain can quickly respond and recover from unexpected events. The complex, interconnected challenges of today’s world are constant. How will supply chains continue to transform to meet these challenges as well as future demands?
Taking steps to implement sustainable business practices and processes influences decisions across many industries. The demand is growing for responsibly sourced products and services that reduce environmental impacts and social inequities. This requires a full-lifecycle approach. Therefore, companies want to manage performance holistically and profitably through an integrated approach internally and with their supply chain stakeholders. Below are some insights into this trend:
Processes guided by a sound strategy and actionable insights create a layer of resiliency and sustainability because continuous improvement and knowledge acquisition is built into everyday actions. You can leverage technology to disrupt and transform how business is done by supporting critical decisions.
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