Unleashing the UPSIDE potential for the Technology & Electronics industry
The increasing importance of end-to-end visibility
Even before the pandemic, visibility was a key component for technology companies to improve efficiency and eliminate risks in the supply chain. However, by late 2021, it still remained a big challenge for supply chain executives. Only 2% of respondents in a global survey claimed to have visibility beyond the second tier of their supplier base.*
As disruptions, congestions and component shortages continue, there is an increasing need for visibility within tech organisations, their suppliers and supply chain partners. Here’s where new digital platforms come in. Watch Manuel Olberding, Global Head of the Technology Vertical, talk about the opportunities for tech companies on their road to supply chain digitalisation and the need for end-to-end visibility.
*Source – McKinsey & Co, Nov 2021.
Increasing supply chain resilience
For technology companies looking to reinvigorate their business amidst component shortages, supply chain disruptions and the dramatic increase in consumer demand for electronics since the pandemic began, any potential solution needs to be forward focused. Logistics naturally have a significant role to play to build resilience and boost agility.
There are supply chain solutions that can improve the situation – both for the immediate future and the long term. As we head further into 2022, Manuel Olberding, Global Head of the Technology Vertical at Maersk, lays down the outlook for the industry. He also shares the proactive steps companies can undertake to strengthen resilience in their supply chains.
The chip shortage is taking a toll on the industry
Logistics 4.0 and the rise of networked supply chain
Global trade is moving away from linear flows of information to a single network setup where everyone has a single version of truth. Logistics 4.0 seems to have the perfect mix of innovation and technology, but what does this all entail?
In this edition of our Transformation podcast, journalist John Basquill interviews Juanjo Ruiz, Global Head of Strategy and Operations at IBM and Lars Kastrup, Global Head of Sales for TradeLens at Maersk, for viewpoints on how digitalisation and other advanced technologies can transform the customer experience in shipping and logistics.
Digital transformation to manage supply chain shocks
Companies are realising the true potential of technology in managing supply chain disruptions. As a result, many have accelerated their digital transformation initiatives.
To find out what this entails, listen to our latest podcast featuring Dr. Yossi Sheffi, Professor of Engineering Systems and Head of the MIT Center for Transportation and Logistics, and Scott Horn, VP of the Logistics and Services Platform at Maersk.
Logistics in the age of autonomy
Automation has shown tremendous transformative potential in logistical value chains, but since it's still in its infancy there are uncertainties around implementation and maintenance. Which begs the question: what does the future hold for the global adoption of robotics and autonomous systems?
For answers, listen to our latest podcast — “Logistics in the age of autonomy”, produced by (E) BrandConnect, a commercial division of The Economist Group, featuring Gopal R, Global leader of supply chain and logistics practices at Frost & Sullivan and Jeppe Hoier, Partner at Maersk Growth.
Report: The New Norm of Manufacturing
Manufacturing, particularly within the Technology and Electronics industry, is changing. China +1, nearshoring and late localisation have emerged as key strategies, allowing Tech & Electronics brands to build more resilient supply chains that can respond more quickly to world events and fluctuating demand. At the same time, new emerging markets are establishing themselves as key destinations for products, encouraging manufacturers to shift manufacturing locations and supply chains accordingly to accommodate new consumers.
Thus, a new norm is being established; businesses need to consider how best to navigate the increased complexity while still controlling costs and on-time delivery.
Logistics’ Digital Revolution
As supply chains grow ever more complex and fragmented, technology will take an increasingly central role in how the industry develops and overcomes those challenges. As a result, the demand for new technologies in supply chains has increased significantly and logistics now stands before a crucial inflection point that will see profound changes to how the industry operates. Fundamental to this technological revolution will be the establishment of clear industry data standards that are the key to unlocking the enormous potential of new technologies such as AI and blockchain. At the same time, taking advantage of these new technologies will require an underlying shift in the way both businesses and logistics providers manage and act upon the insights they provide.
In this report we speak with Maersk’s Navneet Kapoor, Chief Technology and Information Officer, Carsten Frank Olsen, Global Head of eBusiness, Lars Schmeltzer, Global Head of Orchestrator, 4PL, and August Chen, Head of China Digital Innovation, to examine the key challenges facing the adoption of new technologies within logistics as well as some of the trends that are shaping the industry and what benefits they might bring.
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