Business Management | Resources
The accelerated rate at which technologies and innovations of every kind have proliferated and expanded throughout every industry around the world within the last 20 years is nothing short of impressive. In this globalised, highly digitised climate, better communication, monitoring, distribution,predictability, delegation, transparency and service relations are paramount and synonymous with success to most e-commerce businesses. This is even more true as a majority of companies seek to optimise and maintain their positioning in the face of competitors, especially coming out of the worst of the Covid-19 pandemic which sprouted an almost 10% increase in e-commerce globally (UNCAD.org). Indeed, the notion of “pivot or perish '' now serves as a mantra to those looking to maximise both the profit and potential of their companies as the digital age is upon us.
In more ways than one, we can say that the supply chain and logistics networks act as a sort of nucleus within a business, empowering the end to end completion of all tasks and transactions. This is a complex ecosystem involving many moving parts ,dozens of manual workers, most times affecting other vital channels, and often spanning several different countries, with efficiency being essential at every stage. Simply put, the supply chain, like many other essential business systems, has also been transformed with the introduction of and adaptation to Industry 4.0 and the technological revolution.
The following post highlights some of these new innovations and their adaptability within the supply chain and logistics networks.