One of the surveys done by a major global information technology research and advisory company shows that only 29% of supply chain organizations have gone on to develop a minimum of three out of five competitive traits that are required for future-proofing readiness. The fact is that these features will be needed for important roles such as Chief Supply Chain Officers – CSCOs so as to manage the future drivers in terms of influence on the function, which also includes ascertaining their achievement capacity of artificial intelligence and, at the same time, navigating novel trade policies.
According to one of the senior analysts of this global information technology research and advisory company, leaders have indeed gone on to share a commitment when it comes to preparation by way of long-term as well as deliberate strategies, whereas the non-leaders happen to be much more focused on the priorities, which can be labeled as short-term. The fact is that most leaders are yet to make their investment in the most advanced technologies, such as digital supply chain twins or real-time visibility. However, they indeed plan to do so in the coming 3-5 years. It is well to be noted that leaders go on to see technology as one of the enablers of their complete business strategies, whereas, on the other hand, non-leaders would more often invest in technology first without even having totally established their foundational capacities.
Key Takeaways From This
The analysis has gone on to identify four very distinct profiles when it comes to supply chain organizations, and those are durability, design, deferment, as well as decision.
While the chief supply chain Officers – CSCOs can be very successful in syncing to any of the four profiles that have been stated above, the data goes on to suggest following the design profile. Its stress on business model innovation capacities can very well be more fruitful since there happen to be more leaders who are aligned on design profiles as compared to others and hence adapting future-proofing methods. At the same time, it is also critically significant to commit to making investments that are very focused and are aligned to their respective profiles, which is what leading organizations share.
