“ COVID-19 illustrates how many companies may not fully appreciate their vulnerability to global shocks through their supply chain relationships ”
“ COVID-19 illustrates how many companies may not fully appreciate their vulnerability to global shocks through their supply chain relationships ”
— Deloitte and fine tune their inventory in almost real-time to mitigate the impact of shortages .” As a result Big Data and analytics within the supply chain ” can help drive businesses to the next level , providing the fuel for analytics tools to forecast , predict and plan for issues before they actually occur . This gives the ability to navigate disruptions months in advance , rather than responding once they have happened . By identifying patterns in what can initially seem unrelated factors , businesses are in a better position to make immediate and effective decisions than ever before ,” adds Baumann .
Agreeing with Baumann , Andy Coussins , Senior Vice President and Head of Sales , International , Epicor Software stress that “ cutting through the everyday influx of data is an ongoing business need — and systems that can help make decision-makers choose quickly , and wisely , are more crucial than ever before .
When it comes to the successful adoption of such technologies , Jolyon Austin , EY Partner , Supply Chain Transformation highlights that , “ businesses should start small , with agile
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