ME manufacturers 'need to create' digitally linked supply chains
Manufacturers in the Middle East must develop digitally connected and sustainable supply chains to remain profitable. Managing sustainability alongside other change projects such as digital transformation and staff upskilling is crucial. The Covid-19 pandemic exposed vulnerabilities in global supply chains, emphasizing the need for risk management and optimization. In the UAE, food retailers and FMCG businesses struggled with inventory levels, resulting in stock shortages and customer dissatisfaction. Addressing greenhouse gas emissions and operating costs attributed to supply chains is essential for organizations to fulfill environmental, social, and governance (ESG) pledges. Manufacturers must navigate changing regulations and consumer demands for sustainability while maintaining profitability. Visibility and metrics through enterprise resource planning (ERP) systems play a vital role in driving sustainability decision-making and identifying inefficiencies.
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Frequently Asked Questions (FAQ)
Q: What is supply chain management?
A: Supply chain management involves selecting suppliers, establishing processes to monitor and manage supplier relationships, and ensuring the smooth flow of goods and services needed for product creation.
Q: Where can I learn more about supply chain management?
A: You can visit IBM's page on supply chain management to learn more. IBM - What is supply chain management?
Q: What is Industry 4.0?
A: Industry 4.0, also known as smart manufacturing, refers to the digital transformation of the manufacturing industry. It involves leveraging technologies like the Internet of Things (IoT), artificial intelligence (AI), and data analytics to improve efficiency, productivity, and decision-making in manufacturing processes.
Q: Where can I learn more about Industry 4.0?
A: You can visit IBM's page on Industry 4.0 to learn more. IBM - What is Industry 4.0 and how does it work?
Q: What is digital transformation?
A: Digital transformation is the adoption of technology to transform business operations. It involves implementing digital twins, which are virtual replicas of physical assets or processes that enable companies to simulate, analyze, and optimize their operations.
Q: How has COVID-19 impacted digital transformation?
A: COVID-19 has accelerated digital transformation, pushing companies to adopt technology and transform their business operations. It has resulted in the increased use of digital twins and other technologies to optimize operations.
Q: Can you recommend an article discussing COVID-19's impact on digital transformation?
A: You can read a McKinsey article that discusses how COVID-19 has pushed companies over the technology tipping point and transformed business forever. McKinsey - How COVID-19 has pushed companies over the technology tipping point and transformed business forever
If you have any further questions, feel free to reach out.