Whitepaper

A survey conducted by McKinsey among senior executives spanning various industries revealed that a significant majority (93%) of respondents expressed their intention to enhance the flexibility, resilience, and agility of their supply chains. One effective strategy pursued by companies to achieve this objective involves embracing innovation that enhances the value delivered to both supply chain partners and customers by digitizing processes and improving communication channels. Central to this innovative approach is the harnessing of knowledge creation, integration, automation, and virtualization within supply chain activities. Leveraging the capabilities of the fourth industrial revolution, commonly referred to as Industry 4.0, this initiative seeks to drive substantial productivity enhancements by facilitating greater access to real-time information and facilitating digital transformation.