Today’s trends of digitization, Industry 4.0, and supply chain resilience force companies to rethink the way they design their supply chains. While a strong need exists to adapt to the connected world and reach the next horizon of operational effectiveness, companies should also explore the opportunities in emerging digital supply chain business models.
Eliminating today’s digital waste and adopting new technologies are the keys to increasing supply chain operational effectiveness. The potential impact of Supply Chain 4.0 is huge—a reduction of 75 percent in lost sales, up to 30 percent fewer transport and warehousing costs, and a decrease of up to 80 percent in administration costs. All while cutting inventories up to 75 percent.