Supply Chain in the Face of COVID-19 : How digital solutions can add value to organisations
The current coronavirus (COVID-19) outbreak is having a significant impact on global business operations, with production stoppages, staff shortages, major event cancellations and concerns about supply chain stability.
Even before this virus stumbled on the scene, environmental concerns and technology advancements are driving digital adoption. Way forward for work has be been shifting towards mobility for the past 10 years.
Digital solutions are being embraced at a far faster rate now than before. Today, due to the pandemic nature of COVID-19, more and more companies are urging employees to remain home for his or her health and safety, with many functioning from home. How nice if the supply chain process is automated, requires no physical contact and business continuity!
Well, Digital Supply Chain may are an option for many companies within the past but is now fast becoming a deciding factor for a company’s survival. Forward- thinking companies are surely visiting have the favourable position given the subsequent advantages:
Flexibility- Visibility - Collaboration
From an ecosystem, perspective vendors are also taking provisions by tagging to digital platforms that aggregate and simplify business processes, thus assuredly allowing companies to capture a bigger market share than competitors who are not embracing digital solution; especially in light of the COVID-19 pandemic.
As life science seeks solutions to scale back the implications for human health, organisations have to modify and minimize economic and business impacts. the consequences of COVID-19 are felt around the world over the subsequent several quarters, and also the magnitude of these effects isn't yet clear to anyone. Whilst we wait for a solution, having digitally driven contingency management strategies and insights will empower organizations to reply with agility and resiliency as we face this crisis together.
