TECH & AI
Countless companies are investing a plethora of time and resources into creating more resilient , agile supply chains based on some tough lessons learned .
Stephane asserts that organisations ahead of the curve will already be leveraging the power of IoT and IIoT to make their supply chains more predictive – rather than reactive .
“ This connected technology empowers companies to monitor their global supply chains centrally and can connect networks with dynamic situations and data points ,” he adds .
“ In the event of disruption , be it a natural disaster or strike at a port , for example , collected data can be harnessed to evaluate the collateral implications more quickly and present scenarios and automate points of action for informed decision making and demand response .”
A further positive looking ahead is that the integration of IoT and IIoT in supply chain management will likely usher in a new era of increased transparency and traceability across the entire supply chain .
Real-time data collection and analysis will enable companies to optimise processes , reduce waste and enhance overall efficiency .
“ By leveraging IoT and IIoT technologies , we can gain deeper insights into their operations , identify potential bottlenecks and implement proactive measures to address issues before they escalate ,” Stephane continues .
116 November 2024