SUPPLY CHAIN
“ Research shows that 83 % of organisations have increased investment in the supply chain over the past 12 months .
Technology is the common factor when it comes to such investment , with companies realising throughout the pandemic that the supply chain must be at the heart of their operations ; it ’ s become crystal clear that the required technological investment must follow suit .”
Too many firms dragging feet on Industry 4.0 techs Snyder feels that , although investment in tech is riding high , too many SCM solution upgrades fail , because the adoption of AI and ML technologies remains too low .
“ For many , this is due to unfounded concerns around control ,” explains Snyder .
He adds : “ Yet those companies that are not choosing to adopt this technology into their operations are allowing their competitors who are to move ahead , because such technology is providing them with the answers and optimum responses to today ’ s supply chain challenges .”
Snyder recognises that investment decisions “ are never easy ”, and that a focus for many business leaders today is short-term cost reduction , in the face of inflationary pressures .
“ But the supply chain must remain a priority ,” he warns . “ Not only to help deliver some of those cost reductions through better efficiency and availability , but also because it is becoming a strategic differentiator .”
Snyder says that intense competition , the need for fast delivery , and the increasingly complex omni-commerce world continue to create obstacles for retailers .
“ The only way to overcome this and satisfy customer demand is through investment in your systems , people and processes ,” he advises . supplychaindigital . com 49