Introduction to Digital Twin : Simple , but detailed
TECHNOLOGY - DIGITAL TWINS
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“ Ultimately , digital twins have been a key force behind the improvements in supply chains and the digitalisation of industries has increased margins and operational performance in good times , whilst allowing industries to adapt better in the bad .”
Vikram Murthi , Vice President , Industry Strategy at LLamasoft , believes that COVID-19 has showcased how underprepared companies were for such a disruption . “ There have been events over the years that have impacted supply chains , but the scale at which COVID-19 affected global supply chains and the domino effect of lockdowns was second to none ,” says Murthi . “ Now , businesses must prepare for what could be further lockdowns countrywide and regionally , as well as for the threat of a second wave . We have been through this once before and businesses have to prepare to respond to the inherent risks in their supply chains , with strategies to be more resilient and continuously respond as demand patterns changes and supply issues occur .”
Murthi recognises that through digital twins , businesses will be able
Introduction to Digital Twin : Simple , but detailed
CLICK TO WATCH | 7:18
OCTOBER 2020