The new norm: how technology is transforming supply chains

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Duncan Grewcock, CEO of EV Cargo Technology

The pandemic has now changed the way we look at all supply chains. Traditionally a function that hummed almost unnoticed in the background, supply chains are now constantly in the media spotlight, with disruption tangibly impacting people’s everyday lives.

Businesses worldwide have turned their attention back to tackling the seemingly unprecedented challenges caused by supply chain disruptions.

But were these challenges unique and is the current review of supply chains only cursory? The short answer is no. Experts say the pandemic has magnified the challenges that preceded it, and current levels of fast-paced and ever-changing disruption will remain.

Some of these challenges include unreliability in lead time, scarcity of raw materials, increasing transportation costs, labor shortages, and volatile consumer demand. Supply chain leaders have struggled to find solutions to these challenges while attempting to run efficient operations in a landscape where disruption has become the norm, not the exception.

So what solutions are companies implementing to move through the new norm? Multiple industry surveys and reports show that companies are investing heavily in supply chain technology in response to the problem, with a focus on increased visibility becoming their top priority. Industry statistics show that not only was significant investment triggered at the start of the pandemic, but sustained investment in supply chain technology is planned for the years to come.

But in which areas of supply chain technology are companies investing? Supply chain leaders focus on three key areas to future-proof their organizations and gain competitive advantage.

First, they seek to enable flexibility and resiliency through end-to-end, real-time visibility of the supply chain. This is what some refer to as dynamic visibility, which focuses on proactively managing live broadcasts and having the right visibility toolkit to support the best possible decision-making throughout a broadcast’s lifecycle.

Second, companies want to review and realign their networks from a strategic perspective: an exercise now supported by scenario modeling technology. This means taking a step back from everyday life to get a holistic view and redesign the optimal flow of goods based on their different focus areas. For example, some industries use digital twins for stress testing scenarios in a virtual “copy” of their supply chain.

And third, supply chain leaders are relying on emerging technologies to meet their increasingly important sustainability goals. There are a plethora of ways in which supply chain technology can drive ESG gains, with examples such as ethical sourcing, packaging compliance, or carbon tracking software.

At EV Cargo, we have 30 years of experience developing leading supply chain management software and driving digital transformation through our vision of transforming logistics into a technology industry. As part of this journey, we are committed to working with our customers to help them navigate the new norm powered by our technology. To achieve our vision, we are developing a number of upcoming supply chain products that will be an integral part of our software offering.

There are several key pillars underlying the vision behind our new product offering. We believe that to achieve true end-to-end visibility, companies must extend supply chain visibility further upstream beyond traditional order management.

This means that sourcing and shipping management processes should no longer be managed separately in silos, as this leads to an industry-recognized problem: fragmented visibility across the supply chain. Upstream and downstream visibility should be easily accessible and manageable through one seamless platform to provide a unique “source to consumer” solution.

At EV Cargo, we are uniquely positioned to bridge this gap thanks to the breadth of our existing software offering, which focuses on upstream and downstream processes, and our experience managing supply chains for the world’s leading brands.

Another important pillar behind our product vision is the continuous evaluation of important milestone dates through data enrichment and intelligence. Traditional supply chain visibility focuses on managing fixed deadlines based on a limited set of data sources. By enriching data with external variable sources and applying data-driven intelligent insights, customers are equipped with the right tools to support optimal decision-making for their business.

EV Cargo’s goal is to always ensure we put our customers in control, and we aim to take it a step further by providing the next level of data intelligence that will help supply chain leaders deliver a lean, profitable and develop and maintain agile supply chain.

As the world continues to navigate the new norm, EV Cargo’s new technology offering will transform our customers’ supply chains, helping them become flexible, resilient and adaptable to a rapidly changing landscape – whatever the future brings.

This is a sponsored post written by Duncan Grewcock, CEO of EV Cargo Technology

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