Can digital transformation help you build a better supply chain? Yes, according to Verusen in the 2021 State of Supply Chain report.
The new survey finds that most companies are using the same materials management business practices that they were five years ago, long before the global COVID-19 pandemic turned their supply chains on end.
“Supply chain begins and ends with the customer, and it’s clear that many companies are trying to become more agile to better meet their customers’ needs,” says Verusen. “However, as demand increased at a faster pace than expected coming out of the pandemic, this created extraordinary [levels of] supply disruption and many customers were disappointed.”
“The response to this severe disruption has highlighted the lack of preparation across the industry. Businesses are trying to reduce cost and operational risk at the same time, which are often in conflict with each other,” it points out, adding that 50% of organizations have yet to actively start building a roadmap for supply network digital transformation.
“Unfortunately, companies are struggling to prepare themselves for the next disruption, and are largely turning to legacy technologies to solve tomorrow’s problems,” Verusen concluded in its report. “These approaches have failed companies’ supply chains in the past and are unlikely to deliver any different outcome in the future.”
To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.
For more help with looking at supply chain options, contact Astute Electronics here
