Top 4 Tech-Trends: Cloud, 5G, KI, IoT As companies invest in their global supply chains to bypass existing bottlenecks, cut costs and make the most of the latest technologies, perhaps the most important business component is IT. Essential to minimise the risks and keep all parts of the business connected, IT teams are also implementing the trend across all industries to break down silos and optimise processes using a holistic, digitally-integrated approach.
Steadily growing customer demands for quality and speed 4 are driving increased operational complexity, with a need for logistics to become significantly more efficient. That needs companies to focus on investments in transport management systems (TMS) and inventory control. Four areas dominate current discussions on IT-tech strategies for global supply chains.
Tech Topic 1: Cloud Technologies
Modern cloud solutions offer companies a platform that provides them with an overall view of all the increasingly complex processes within global supply chains. From production status to transport monitoring, to communication between their subsidiaries.
Migration to the cloud could give your business a clear competitive advantage. It’s wise to involve an expert partner for successful implementation and realisation and to ensure you fully exploit the potential. Experienced consultants understand that cloud migration is not only about integrating the solution into existing processes but also about optimising them. When supply chains are involved, your trusted partner also needs experience with the operation of cloud networks across regional borders. Telecom (Europe) said they have moved some IT services to the cloud or plan to do so, only 8% have already migrated all their IT applications to the cloud. 7 • In Europe, 41% of companies use cloud services, but mainly for email and file storage. 8 This is where many businesses are lagging, and the opportunity for real competitive advantage opens up: • According to one study, 22% of companies still use Excel to plan their logistic s. 6 • Although half of all companies surveyed by China
59% of the companies surveyed see an increase in IT costs - whereas only 4% forecast a decrease.
With cloud technology, your business can:
• Send and receive data across an entire global trading system • Improve productivity and efficiency, using data to plan, monitor and analyse every step • Save costs and resources by eliminating the need to purchase and maintain complex hardware.
6 Cloud Computing in Supply CHain Management 7 Supply Chain Europe Virtual 2021 8 Cloud Computing - Statistics on the Use by Enterprises
Company focus
• 26% want to develop a unique selling proposition
• 14% Meeting new and increased customer demands
• 8% Keeping pace with the competition 5
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4 Future of supply chain: The road to everywhere 5 Logistics and Supply Chain Technology Report 2021
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