The Evolution of the Digital Supply Chain
Today, digital technologies are making way for a supply chain that goes well beyond what was originally thought to be possible with a traditional setup. The supply chain of today has the ability to perform very complex activities with superb precision and outstanding agility.
According to a 2017 MHI Annual Industry Report, 80 percent of respondents said that the digital supply chain would be the dominant model within five years. That being said, the supply chain as we know it has not evolved much for over half a century, this has been put down to the disparity in technology—leading to operational inefficiencies. With the incorporation the latest in digital technologies, such as big data, IoT, and machine learning to name some of them; there has been a move to create a more interconnected, sophisticated and enhanced network to change the way logistics works today. The adoption of these technologies into the supply chain is making it more effective.
The other benefits that these digital technologies offer the supply chain can help further enhance and optimize the already existing processes. With the incorporation of the IoT, logistics organizations are able to implement RFID chips, scanners, and sensors, and even GPS enabled devices to provide better visibility of the shipments across the entire value chain. The technological deployments that are constantly being implemented in the market are finding uses throughout industries—making supply chains more nimble, robust and efficient.