Supply chains face a rethink. Geopolitical fissures have disabled the just-in-time model, unwinding decades of globalization. The danger of overreliance on one large manufacturing base, China, has been exposed by the pandemic. Early on in the Covid outbreak, Fortune observed that 94% of Fortune 1000 companies had experienced supply chain disruption.
How a company approaches digital transformation is critical to success. Change should be viewed as an opportunity rather than a threat — and businesses must be prepared to fail as they learn. Michael Feindt, an adviser at Blue Yonder, the specialist in intelligent supply chains, says that while a move towards greater use of technology can be hampered by fear, this is less prevalent in South America and Africa — perhaps because there is more to gain in less developed markets.
https://www.ft.com/content/3db177f2-d187-4632-b94d-268f9d2598eb