SupplyChain Magazine May 2022 | Page 58

EY
than US $ 1b in size . One key finding is that 2025 will be the year mostly autonomous supply chains will begin to emerge to replace the hybrid processes common today .
“ We ’ re already on a path to an autonomous future . We have selfdriving cars , where people ’ s lives are at stake . There ’ s no reason we can ’ t have an autonomous and self-organising supply chain . In the end , it ’ s just about mastering the power of data .”
It ’ s an exciting future , a journey that EY clients are keen to embark upon – and for good reason .
“ We ’ re already doing projects to help clients get to their future state , to show them what the roadmap for a digitally networked and autonomous supply chain looks like . Consider this : today , a change in customer demand has to work its way linearly back through the supply chain to get to the OEM [ original equipment manufacturer ], the supplier , to the supplier ’ s supplier , all through the tiers . That could take months before people change their production plans .
“ Supply chains are headed towards digitally networked ecosystems with shared data in the cloud ,” he adds . “ This way , everyone can see what ’ s happening now , 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 .”
The views reflected in this article are the views of the author and do not necessarily reflect the views of the global EY organization or its member firms . 58 May 2022