The Power of Supply Chain Data

The current pandemic has underscored the need for up-to-date supply chain data. Amidst lockdowns, social distancing measures, changing trade regulations, traffic jams in the Suez and dynamic buying patterns, it is the companies with access to relevant supply chain data that can quickly adapt to changing market conditions. Not only are they able to better withstand rapid changes in supply chain dynamics but are also able to remain competitive in a sustainable manner.

Let us look at how this looks in the real world, with a simple example: