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Digital Supply Chain: You need to change, but how?

CEOs know they need to respond to disruptive technologies to remain competitive. In this article, originally published by EBN Online, Simon Knowles, Chief Marketing Officer at Maine Pointe, outlines a pragmatic step-by-step way forward.

This Maine Pointe insights paper for CEOs and PE executives includes:

  • Why your competitors may already be building their 'economic moats'
  • Why data analytics is at the forefront of supply chain management right now
  • How to begin your step-by-step digital supply chain transformation journey
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What's in this eBook?

What’s all the fuss about?
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Looking forward to the digital supply chain

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A pragmatic step-by-step approach

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Introduction

CEOs know they need to respond to disruptive technologies to remain competitive. In this article, originally published by EBN Online, Simon Knowles, Chief Marketing Officer at Maine Pointe, outlines a pragmatic step-by-step way forward.

Warren Buffett, promoted the term “economic moat.” This relates to a company’s ability to maintain an advantage over its competitors (through process, technology innovation and intellectual property) in order to protect its long-term profits and market share.

With data analytics, Big Data, the Internet of Things (IoT), the smart factory, machine learning, predictive maintenance and Blockchain all turning from vision to reality, your competitors are building their ‘moats’ now.

Today IoT devices and disruptive technologies are being deployed throughout all areas of the supply chain. GSK is starting to leverage Blockchain, cryptographic security and smart contracts to provide verifiable insights as assets are managed and propagated through the entire supply chain.

In 2017, Wal-Mart tested a new traceability program using Blockchain technology, with positive results. The supermarket giant tracked pork in China and mangoes in the US, establishing a digital history for each product.

Formula 1 motor racing company McLaren plans to start 3D-printing parts for its F1 cars trackside at Grand Prix competitions around the world. The firm believes the technology and supply chain approach will give it an advantage over rivals allowing it to make last-minute changes.

From manufacturing goods to medical implants and even food, 3D printing technology is set to have a deep and permanent impact on the supply chain.

eBook: You need to change, but how?

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