As consumers embrace digital media for everything from consuming news to socialization, businesses are reimagining their approach to traditional business processes.In part, this trend is driven by the need to accommodate consumer habits in the B2C sector, but B2B entities are also embracing digital trends to capitalize on gains in efficiency offered by automation, greater visibility, the ability to break down data silos, and reduce operational costs.Organizations in the supply chain are riding the wave known as digital supply chain disruption, a shift driven by a few key factors.
Capgemini Consulting and GT Nexus an Infor company studied 337 executives from major global manufacturing and retail organizations across 20 countries throughout Europe and North America.Exploring the relationship between organizations and their partners throughout the supply chain, this study marks the first to examine both the current and future states of digital disruption across the supply chain.
The survey found that half of the executives responding view digital transformation as very important 75 percent agree that digital transformation is at least 'important' , but more than 30 percent are dissatisfied with their progress to date.
The survey revealed a few noteworthy trends regarding the adoption of digital technology and executives' predictions and expectations for growth in five years, including: Making data from the extended supply chain accessible to the organization.
Less than one-fourth 23 percent of respondents report analyzing extended supply chain data today, though 68 percent expect to be doing so in five years.
Automation is a trend that impacts practically every industry and vertical in the global economy, yet executives recognize room for improvement in this area as well.