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4 Ways to Keep-up with Digital Transformation in Supply Chain

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  As per a recent survey conducted by Forbes Insights, “65% of logistics, supply chain, and transportation executives acknowledge the necessity to revamp existing models and add flexibility to business operations in order to ensure omnichannel delivery, reduce costs and meet the ever-shifting consumer demand.” Well, these statistics are testimony about the rapid transformation that the supply chain industry is experiencing and most of it has to go with the digital revolution. Hence, it becomes all the more evident why having a proper strategy for digital transformation is necessary and how one can easily adopt and adapt to it. Here are the four ways that are indispensable in the modern age supply chain industry that help one keep up with digital transformation. Smart Automation : In the new wave that is digitalizing everything, the expanse of automation has grown manifolds. And, the tech behind this revolution is IoT. While hardware accounts for most of the IoT technology today, anal
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Building the Supply Chain of the Future, Today!

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The COVID-19 pandemic has impacted every industry around the globe in unprecedented ways. It further forced the organisations and governments to take drastic safety measures such as lockdowns and restrictions on people and goods’ movement.  The top three supply chain strategies for 2021 are: expanding collaboration with supply chain partners (48%), improving agility to respond to fluctuations in demand (45%), and improving the ability to leverage shopper behaviour data (45%) as per  RIS  Supply Chain Technology Study. Supply chain agility today needs to be a core part of any business’s operations. The pandemic has confirmed that the supply chains that are agile enough to adapt quickly will survive in these challenging times. The Inevitable Repercussions of the Pandemic Transport and consolidation for sourcing –  Managing local quality checks and a steady supply, addressing the transportation capacity bottlenecks and the limited transparency in the overall supply chain Warehousing –  Li
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Discover the Potential of Augmented Supply Chain

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The world is changing, and advanced technologies are dramatically disrupting the supply chain ecosystem. The Internet of things has radicalized how machines interact with people and one another. Sensor-driven technologies and advanced analytics hold promise in restoring the balance between workload and production. The supply chain is standing on the cusp of innovation and augmented reality (AR) is becoming more applicable to today’s supply chain needs. Most of the organizations have been adopting digitalization to participate in and add value to the network. Seamless system integrations are vital to establishing real-time integrated logistics and predictive networks. The future belongs to the organizations competing— and winning—based on the capabilities they can connect across their supply networks. With time, supply chain processes must augment and change with a massive injection of new technologies, robotics, artificial intelligence, big data approach, and contemporarily become more
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Supply Chain Focus Areas to Mitigate COVID-19 Disruptions

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Most of us have been doing our part during this COVID-19 global pandemic, to keep up with the news about global response measures and have been working diligently to secure raw materials and components as well as protect supply lines. The panic buying, empty shelves in the supermarket and shortage of the essential supplies are not the only disruption in the global supply chain due to the COVID-19 pandemic.  Production stoppage across countries, shortage of raw materials as well as finished goods is the threat that is yet behind the curtain. The current outbreak is unprecedented in its scale and the government, as well as the medical professionals, are doing their best to get the hold of the situation. The pandemic has resulted in an imbalance in the supply and demand structure.  With lively hoods being at stake, businesses must respond on multiple fronts; protect their workers’ safety along with safeguarding their operational viability. As COVID-19 spreads globall
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E2E Shipment management is driven by Intelligent Multi-party Collaborative Logistics Strategy

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When an industry the supply chain involves multiple stakeholders and service providers at each phase, collaboration becomes the key to achieve customer delight. Shipment Management is one of the most complex sectors and experiences a higher rate of exceptions. Hence, having a multi-party collaborative strategy in place becomes indispensable for any service provider to address some defining parameters of the supply chain industry like data exchange mechanism, operations, real-time tracking, delayed delivery, and exception management.  Data Exchange Mechanism The prime objective of the manufacturers today is  “Meeting consumer demands intelligently and efficiently” . However, the biggest challenge is enhancing efficiency without impacting the existing operational setup. The dynamics of businesses have transformed the way they make, move, and sell goods, and hence, they strive hard to meet growing consumer demands faster and easier while also keeping the operational costs t
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TELECOMMUNICATION CHANNELS AND SUPPLY CHAINS RIGHT FROM THE FUTURE

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The next- gen wireless technology will offer a new application landscape on a B2B & B2C scale, with near real-time connectivity. In the last decade, 4G has become the standard for many mobile consumers around the world. Currently, fourth-generation wireless systems benefited the most yet in the aspect of new channels of data consumption, but it also has limitations. Over the upcoming era where connected devices usage will rise and it will require networks to transmit massive data in near real-time. AT&T launched  the earliest 5G deployment around the end of 2018 in 12 cities but the widespread implementation of the technology may take the next few years. Tale of Wireless Technology Systems: These systems were available as commercially to end-consumer from around late 1970s and early 1980s. The first generation (1G) of wireless technology systems came with the introduction of cell phones. These devices and networks allowed for mobile voice calls, but nothing
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