In this episode, Ron and Joseph discuss supply chains and digitalization. Certainly, recent events and the disruptions that have gone with them have illuminated the need and benefits of digitalization. And it’s no longer just about digital documents required for moving products from one point to another, but to use digitalization – in all of its incarnations – to add stability, even predictability, in supply chain operations.
For instance, could a shortage of chips (especially those used in automotive) been predicted in advance of it the challenges actually manifesting themselves? In an interconnected world – and keeping in mind that an event does not have to directly effect our first-level suppliers, but can have an impact further upstream – could the political upheaval in places like Myanmar been anticipated and counter-measures put in place?
But it’s one thing to be able to predict the future, it’s quite another to act on the information. At the end of the day, the information is only as good as the human interpreting it.