Supply Chain Digital Magazine October 2023 | Page 43

networked and autonomous supply chain looks like .”
Steinberg points out that in today ’ s supply chains , changes in customer demand have to work back through the supply chain to get to the OEM [ original equipment manufacturer ], the supplier , to the supplier ’ s supplier , and all the way through the tiers . He says this means it can take months before businesses change their production plans according to demand figures .
This , he says , is precisely why supply chains are headed towards “ digitally networked ecosystems with shared data in the cloud ”.
Steinberg adds : “ This way everyone can see what ’ s happening in the moment , and immediately adjust to real-time events , and even predict what happens next .
“ Finally , we have all the tools and technologies at our fingertips to make this a reality . There has never been a better time to be a supply chain professional than right now .” supplychaindigital . com 43