By: Ciopages Staff Writer
Updated on: Feb 25, 2023
{CIOPages.com supply chain transformation drivers is a hub of resources for enterprises on a supply chain transformation program, including customizable deliverables.} There are many imperatives and supply chain transformation drivers. Few segments are seeing a transformation equal to that of logistics and the traditional supply chain. Technology is, of course, changing every aspect of life and business. However, it is totally redefining capabilities and expectations in every aspect of operations and processes for producing, handling, shipping and delivering products.
While technology-driven changes in the supply chain have been underway for more than three decades, the rate of disruption of traditional processes is at an all-time high. While as much as a third of companies that ship, warehouse and fulfill are still doing things as they always have, that will not be possible for much longer. It is not an overstatement to state that participants in the logistics space are now facing a change-and-grow or stay-and-die environment.
Accordingly, it is worth evaluating the leading factors that are driving this now-inevitable transformation of the value and supply chains. Below are five supply chain transformation drivers that are creating the new environment for supply chain companies:
While these are only five of the many drivers creating an entirely new approach to logistics, they indicate just how much the idea of moving product from here to there has entered the digital age. Moreover, it clearly shows the critical need to jump on Supply Chain transformation digital train or risk being left at the station.
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