Supply chains cover nearly every industry from life sciences through to automotive to energy and utilities. As we seek to move forwards to the fourth industrial revolution our supply chains and the digitisation of these becomes ever more critical.
Although a critical part of industrial businesses, these supply chains are under immense pressure, in addition they account for:
- 50-70% of a manufacturing businesses costs
- Over 80% of and industrial companies CO2 emissions are created through the supply chain
- 5 to 1 ratio of employment
Below are just some of the known issues faced
- Supply chain risk and resilience - including a lack of visibility and risk of cyber threats
- Supply and demand imbalances - from demand uncertainty and supply shortages to a lack of supplier visibility and collaboration
- Sustainability and the need to move to industrial net zero - how do we measure Co2 and package waste
- Circular economy, return and re-make of supply chains - the product end life cycle and opportunities for servitization
- Last mile logistics - that last mile congestion and duplication of transport
- Supply chain finance working capital inventory - from payment terms to the impact on SMEs
Made Smarter Digital Supply Chain Innovation Hub sets to create a virtual hub, data observatory and network of industrial living labs. Designed to optimise the physical, informational and financial flows across all tiers of manufacturing supply chains.
It will develop a globally competitive, digitally enabled, diverse innovation ecosystem addressing today’s supply chains challenges, making them more sustainable, resilient and efficient.
