The evolving pressures on the supply chain mean resilience has become a top priority. It must be built on better visibility and the ability to analyze data along the end-to-end supply chain in real time. This new level of resilience is now much more a question of data than of applications. Supply chain professionals need better, cleaner unified data that provides them with meaningful real-time insights.
For the entire supply chain to build resilience it must optimize use of the thousands of pieces of information that pass up and down the chain every second, sharing the data in real time to enable fast reactions and adjustments in a newly collaborative endeavor that generates greater flexibility. A global retailer running promotions needs to pivot fast and with complete confidence when the data shows how responses vary significantly in different territories. Predictive and prescriptive capabilities have become a key element in these capabilities, putting organizations on the front foot.
Savvy business leaders realize they must develop resilient and collaborative supply-chain ecosystems that cross silos and unite people, processes and technologies. They are aware that although demand has rebounded, 2022 will not see a return to the pre-pandemic status quo. Organizations will have to work together to resolve supply chain challenges. Each business needs a unified view of the data that creates an intelligent supply chain – a goal they can achieve through a smart data fabric solution, with on-demand integration, analytics, and cross-silo data usage.
Each of these important themes is covered in an excellent Improving Resilience in Your Supply Chain webinar hosted by The Economist in association with InterSystems.
The experts from Mondelez International, Krispy Kreme and InterSystems are joined by Professor David Simchi-Levi of MIT.
Together they address questions such as:
- How could supply-chain leaders have been better prepared for the disruptions caused by the COVID-19 pandemic?
- How can organizations navigate the new normal and generate value from their supply chains?
- How are supply chains adapting and moving away from being retrospective and reactive to being predictive and prepared?
- What tools, techniques and technologies look most promising in the transformation of supply chains?
- Looking ahead, how can supply-chain leaders harness technology to become more collaborative and more responsive to changing needs and market conditions?
Watch the playback of the full discussion, here:
Improving Resilience in Your Supply Chain