Technology Empowers the Supply Chain

Technology underpins and empowers our supply chains, but needs to be nurtured for maximum effect. The accelerating adoption of digital technologies across the supply chain is resulting in a data explosion, which needs specialist expertise to fully exploit its potential for competitive advantage.

As today’s supply chain ecosystems become ever more connected, strategic and complex, they comprise profound interdependencies amongst and between the network of stakeholders, with an inherent need for information gathering and sharing across different information technology systems. The expanding adoption of multiple technologies throughout today’s complex supply chains is resulting in a massive explosion of data across the ecosystem. The ability to harness the raw power of this deluge of data – and transform it into useful actionable business intelligence – requires capabilities and expertise which may be beyond the scope and reach of all but the largest corporations.

However, to capitalise on the opportunities for technology to underpin and empower our supply chains, it must be nurtured with application and diligence.