The trend: Amid high freight costs, labor challenges, and material shortages, companies including Kraft Heinz, Amazon, and UPS are introducing automation, digitization, and other innovative technologies to their supply chain operations as they seek to avoid logistical crunches.
What they’re doing:
A tech upgrade: As the past several years have shown, most companies’ supply chains are extraordinarily delicate and ill-equipped to handle even the slightest setback. That’s led many to take a digital-first approach to modernizing their operations by utilizing cloud computing, predictive analytics, and automation.
On the other hand: Not all companies are taking a tech-forward approach to supply chain optimization.
The big takeaway: Supply chain modernization is a risky undertaking, especially since companies need to keep everything running smoothly even as they onboard new technologies and processes.
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