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Preliminary results from a Lucas-commissioned survey of 350 companies in the US and UK found that the majority of the companies are already employing AI in one way or another within their warehouses and distribution/fulfillment centers. Walmart’s Massive Investment in a SupplyChainTransformation ; Steve Banker.
In this context, leaders’ most pressing concerns are reducing CO2 emissions across all tiers of the supplychain (95%) and growing e-commerce volumes (90%). Around 92% of organisations surveyed said that the ongoing relocation of the global supplychain will impact them but only 15% are equipped to deal with this.
However, this prediction proved to only touch on how important the digital supplychain would become. Within four months, the digital transformation had already reached most supplychain organizations. Unfortunately, many supplychain entities continue to hope for a better tomorrow.
At this virtual conference supplychain leaders will focus on driving positive environmental impact through supplychaintransformation. Sustainability continues to be a growing focus for companies, even as the pandemic causes ongoing supplychain disruptions.
To provide a comprehensive overview, the author draws from various academic studies, reports, and surveys to shed light on the latest trends and best practices in supplychain management. A recent survey by Accenture (2021) revealed that 72% of SMEs and 78% of startups are actively investing in digital supplychain solutions.
In this management style, strategic decisions can be made based on analytical data in important areas, such as the supplychain. In this regard, a global survey highlights that data quality rather than data processing presents the biggest challenge for businesses. as a definition of value.
A big part of what companies need to do when building a future strategy is to look out into the future and say, “These are the things that we think we want to do and be five years from now”. This trend will likely continue, and we’ll begin to see a lot of progress in this particular area of sustainable supplychaintransformation.
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