Security News > 2021 > April > Trends and technologies that are helping supply chains respond, recover and thrive during pandemic

Nearly half of supply chain leaders surveyed have dramatically accelerated spending on digital technologies to make their operations more responsive and forward-looking during the pandemic, according to an industry report released by MHI and Deloitte.

83% of respondents believe digital supply chains will be the predominant model within just five years - 22% believe they are now.

Supply chain disruption was also a major challenge at 39%. "Supply chain resilience has never been more important. Companies that made investments in digital technologies prior to the pandemic were more prepared and able to adapt, survive and even thrive during this disruption. They will also be ready when the next crisis inevitably hits," John Paxton, CEO of MHI. Strategies to protect supply chains from global disruptions.

"When the pandemic hit, consumer preferences went out the window in favor of what they needed urgently, foreshadowing a critical new normal for supply chains. Flexibility to predictable patterns is no longer enough; resiliency to unforeseeable disruption is an existential, business-critical requirement," Thomas Boykin, Supply Chain Specialist Leader, Deloitte Consulting.

The Supply Chain Digital Consciousness Index characterizes a supply chain on four levels of awareness - from dormant to elevated - and across five digital categories.

"The pandemic has reset the bar for where companies need to be along their DCI journey - and accelerated the pace at which they must get there. Many organizations don't yet have the foundation to support their evolution along the digital continuum," Randy V. Bradley, Associate Professor of Information Systems and Supply Chain Management, Haslam College of Business, The University of Tennessee.

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