The pandemic-induced economic turmoil and geopolitical disruptions worldwide have exposed significant vulnerabilities in global supply chains. CEOs acknowledge supply chain disruptions as the greatest threat to the growth of their companies and their countries' economies. Although most organizations are taking measures to improve their supply chain agility and resilience by investing in technology solutions, many are struggling to achieve their goals. Leading organizations are leveraging data and analytics to bridge these gaps and enable a more connected, collaborative, cognitive, and sustainable supply chain ecosystem.
In this viewpoint, we examine the challenges that organizations face in supply chain management, key gaps in the supply chain technology environment, the leverage of data and analytics as an effective lever in addressing these gaps, and the role of third-party providers in maximizing the potential of data & analytics for organizations.
Scope
All industries and geographies
Contents
In this viewpoint, we study the role of data & analytics in supply chain management and examine:
The challenges that organizations face in supply chain management
Key gaps in the supply chain technology environment
How data and analytics can be an effective lever in addressing these gaps
Prioritization of use cases
The role of third-party providers in maximizing the potential of data & analytics for organizations
The global Supply Chain Management (SCM) BPO market reached US$2 billion in 2019, growing at approximately 17% YoY. However, the growth rate is expected to decline to 6-10% YoY during 2020-22 due to the impact of COVID-19 on major buyer segments…
