{"id":34009,"date":"2021-05-05T11:05:14","date_gmt":"2021-05-05T09:05:14","guid":{"rendered":"https:\/\/www.intellias.com\/?p=34009"},"modified":"2024-05-10T05:21:48","modified_gmt":"2024-05-10T03:21:48","slug":"supply-chain-visibility-and-transparency-a-recovery-critical-priority-for-2021","status":"publish","type":"blog","link":"https:\/\/intellias.com\/supply-chain-visibility-and-transparency\/","title":{"rendered":"Supply Chain Visibility and Transparency: A Recovery-Critical Priority"},"content":{"rendered":"
Global supply chains had a rough year in 2020. Between the global pandemic, Brexit, ongoing US\u2013China trade tensions, and local disruptions, suppliers, manufacturers, and retailers alike struggled to work out the optimal course of action.<\/p>\n
A year on, most industries are still operating under uncertain conditions. Only 21% of supply chain managers<\/a> say they\u2019re operating a highly resilient supply network today \u2014 one with good supply chain visibility and sourcing agility.<\/p>\n That doesn\u2019t sound like a high percentage, does it? Especially given that most leaders started digitizing and hardening their supply chains about five years ago. Well, data from KPMG<\/a> provides some telling context:<\/p>\n These two numbers correlate well: When you cannot collect data, you cannot gauge risks or collect insights for decision-making. That makes supply chain recovery longer and more tedious. But more importantly, it underscores the need for adopting better supply chain visibility solutions.\n
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