Duncan Grewcock, CEO EV Cargo Technologies
The pandemic has changed the way we all view supply chains. Whereas supply chains used to operate in the background, almost unnoticed, today supply chains are constantly in the media spotlight and visibly impacting people’s day-to-day lives.
Companies around the world are once again turning their attention to addressing the seemingly unprecedented challenges posed by supply chain disruptions.
But are these challenges one-off and the current scrutiny of supply chains temporary? The short answer is no. Experts say the pandemic has magnified the challenges that preceded it, and the current fast-paced, ever-changing disruptions will continue.
These challenges include unreliable lead times, raw material shortages, rising transportation costs, labor shortages and volatile consumer demand. Supply he chain leaders struggle to find solutions to these challenges while trying to run efficient operations in a situation where disruption is the norm rather than the exception.
So which solutions are organizations implementing to navigate the new standard? Multiple industry studies and reports show that companies are investing heavily in supply chain technology in response to the Improving visibility has become a top priority. Industry statistics show that not only were significant investments made early in the pandemic, but continued investments in supply chain technology are planned for the next few years.
But which supply chain technology areas are companies investing in? Supply chain leaders are focusing on three key areas to future-proof their business and achieve competitive advantage. increase.
First, it seeks to achieve flexibility and resilience through end-to-end, real-time visibility into the supply chain. This is what we call dynamic visibility, and it centers around proactive management of actual shipments and the right visibility toolkit to support the best possible decisions throughout the shipment lifecycle. .
Second, companies are looking to rethink and reset their networks from a strategic perspective. This is now supported by scenario modeling technology. This means stepping back from the mundane to get the big picture and redesigning optimal product flows based on different priority areas. For example, some sectors are using digital twins to stress test scenarios with virtual “copies” of their supply chains.
And third, supply chain leaders rely on new technologies to meet ever more important sustainability goals. There are numerous opportunities for supply chain technology to drive his ESG improvements. Examples include ethical sourcing, packaging compliance, and carbon footprint tracking software.
At EV Cargo, we have 30 years of experience developing leading supply chain management software, driving digital transformation through our vision of transforming logistics into a technology industry. As part of this journey, we are committed to partnering with our clients to help them navigate the new norms supported by our technology. develops a series of new supply chain products that become an integral part of software products.
Underlying the vision behind our new product offering are several key pillars. We believe that for organizations to achieve true end-to-end visibility, they must extend their supply chain visibility further upstream beyond traditional order management.
This means that procurement and shipping control processes should not be managed in silos, as this leads to a well-known problem in the industry: fragmented visibility across the supply chain. Upstream and downstream visibility should be easily accessible and manageable through one seamless platform to deliver a unique source-to-consumer solution.
EV Cargo is uniquely positioned to fill this gap with its range of existing software products focused on both upstream and downstream processes and its experience managing supply chains for the world’s leading brands.
Another key pillar behind our product vision is the continuous evaluation of key milestone dates through data enrichment and intelligence. Traditional supply chain visibility centers around fixed date management that relies on a limited number of data sources. Enriching data with external variable sources and applying intelligent, data-driven insights gives our customers the right tools to support the best decisions for their business.
EV Cargo’s ambition is to always keep you in control. We want to take it one step further by providing the next level of data intelligence that supports supply chain leaders to develop and maintain lean, profitable, and agile supply chains.
As the world continues to navigate new norms, EV Cargo’s new technology transforms our clients’ supply chains, giving them flexibility, resilience and the ability to adapt to rapidly changing conditions.
This is a sponsored post written by Duncan Grewcock, CEO of EV Cargo Technology.
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