The Digital Global Supply Chain: Digitization Enables Real Transformation
The world of global trade is fast-paced, ever-changing, always evolving. In order to keep pace, your supply chain processes and technology need to evolve too. The processes during sourcing, transportation, and import/export are unique to every organization, consisting of multiple layers of suppliers, vendors, and service providers; each adding additional complexity and the accompanying tasks to move products across borders.
As companies expand global operations to take advantage of cost savings in other regions, they are put under pressure to deliver the right product at the lowest price into the waiting hands of customers.
To address this complex environment, organizations need to take a holistic, integrated approach to digitizing their supply chain to enable four methods leading to value:
- Collaboration
- Automation
- Analytics
- Flexibility
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