CEO Update: Responsible, Data-Driven Supply Chains
Article from MHI Solutions Magazine
Supply chain technology investment is growing as it enables firms with more resilient, transparent and data-driven operations that are providing a key competitive advantage. In fact, nearly 74% of supply chain leaders are increasing their supply chain technology and innovation investments, according to the survey results from the 2023 MHI Annual Industry Report, “The Responsible Supply Chain: Transparency, Sustainability and the Case for Business.”
Of those increasing investments, 90% said they are planning to spend over $1 million, an increase of 24% over last year. Thirty-six percent plan to spend over $10 million, up 19%.
Responsible supply chains react in real time to changing conditions—this requires actionable data, automation and automated decision-making. Investments in automation and other digital solutions like IoT, advanced analytics and AI arm your operations with speed, accuracy and improved visibility. These solutions enable the real-time decision-making and transparency necessary for reporting and improved performance up and down the supply chain…
Read the full article in MHI Solutions Magazine
