Supply chain resilience: What does the future of supply chains look like?

The COVID-19 crisis has forced companies to question long-established supply chain practices and invest in new technologies. In this Intelligence Brief, we take a look at current supply chain models along with some of the weaknesses that were exposed by the COVID-19 crisis, highlight the emerging technology tools that are building more resilient and efficient supply chain models, and provide key analysis on what the future of supply chains will look like.

The supply chain plays a significant role in the strategic business strategies of original equipment manufacturers (OEMs). Although known to be the best supply chain models across the world, the conventional as well as agile methodologies failed to meet customer requirements during the pandemic.

Companies need to adopt new supply chain models. By integrating emerging technologies such as immersive reality, hyperautomation, digital twins, and blockchain into the supply chain, a number of benefits can be attained in terms of efficiency, visibility, and resilience.

Included in this Intelligence Brief:

The best-known current supply chain models
Supply chain weaknesses exposed by the pandemic
Benefits of a technology-influenced supply chain
An overview of advanced technological tools and processes that can facilitate the enhancement and strengthening of supply chain efficiency
A peek at some of the new tools that will be key to developing more robust supply chain models
Profiles of the major supply chain technology disruptors