The events of 2020 have prompted an increased focus on business agility. The capacity to assess situations quickly and respond intelligently is no longer merely important. In the so-called “new normal”, agility has become an essential ingredient to business success.
In the world of supply chain management, agility requires a shift in focus. While planning remains important, execution is where agility manifests itself most saliently, with major consequences to the bottom line. This signifies a fundamental change in the competitive landscape, wherein companies that excel in supply chain execution will increasingly find themselves at an advantage.
Businesses that neglect this fundamental shift, or who arrive late to the game, risk being marginalized by supply-chain innovators who will increasingly deliver better fill rates, lower costs, and higher margins as a result of innovative supply chain execution.
DX4 Research recommends that business leaders aggressively adopt supply-chain agility as a strategic priority; leveraging real-time monitoring, artificial intelligence & machine learning (AI/ML), and robotic process automation (RPA) to drive excellence in supply chain execution.