Substantial investments in supply chain resilience have enabled companies to vastly improve their capacity for bouncing back after a disruption. But the digitization of supply chains is introducing new demands on company operations that require a different approach to building supply chain resilience.
The adoption of and improvements to digital supply chains can reduce procurement costs for all purchases of goods and services by 20 percent, reduce supply chain process costs by 50 percent and increase revenue by 10 percent, according to a new report recently researched and produced by The Center for Global Enterprise (CGE).
Digitization isn’t merely a buzzword. The digital transformation of your business can have a serious impact on your organization – particularly as it applies to your supply chain operations.
The CGE discusses latest research initiative, Digital Supply Chains, with Scarlet Fu from Bloomberg West TV. Research suggests improved digital supply chains increase revenue, decrease costs, and present career opportunities to the c-suite. Watch the interview here.