In the last decade, the global supply chain has experienced a wide range of disruptions including labor shortages, supply chain interruptions, and rising inflation. Other factors include a shortage of skilled workers, rising cost of labor, trade conflicts, weather events, and cyber attacks.
Today’s high levels of disruption can be a recipe for loss unless organizations take steps to mitigate its effects. But how?
McKinsey says…
“We are at an inflection point in which companies who embrace digitalization report a stronger ability to respond to crises.”
Many organizations are better able to handle disruptions because they have adopted the digital capabilities that are key to Industry 4.0.
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