COVID-19 and shattered supply chains: Reducing vulnerabilities through smarter supply chains

Companies typically create supply chains with the expectation that materials will be easily accessible. However, as COVID-19 has shown, unexpected events can shatter this basic premise, disrupting supply chain performance.

COVID-19 has driven home the need to strengthen global supply chain networks. Supply chains should be dynamic, responsive, and interconnected to an organization’s ecosystem and processes. This requires end-to-end visibility, real-time insights, and decisive actions -particularly in escalating situations.

Systems based on exponential technologies can help organizations build smarter supply chains and reduce vulnerabilities in global pandemics or other unforeseen circumstances. Smarter supply chains that leverage the power of AI and other emerging technologies can help companies maintain business continuity amid disruption and uncertainty.