CARGOCONNECT-AUGUST2024 - Flipbook - Page 55
FUTURE SUPPLY CHAINS : FEATURE
be eïcient and efective. Digitisation of information across the
entire spectrum presents the opportunity to drive business value
throughout the supply chain. It can also create new avenues of
revenues by expanding to new markets and
penetrate existing markets by being faster
than the competition.=
According to Negi, the surge in digitisation eforts is an outcome of beneots such
as eïciency (error reduction), productivity
improvement, cost leadership, informed
decision-making, real-time track and trace
leading to visibility which in-turn leads to
responsiveness, growth of e-commerce
marketplaces (creating competition and
raising customer expectations of faster
deliveries), multiple supply chain disruptions
(at regular intervals).
