An Essential Guide to Global Supply Chain

Video Summary:
Global supply chain management is an integral part of a company’s overall strategy to achieve cross-border organization of operations.
Global supply chain management via advanced technologies, including software applications and AI-based tools, offers numerous benefits.
These include accurate and real-time data collection and analysis and generating insights to streamline development, production, and delivery.

Video Intro:
According to Forbes, the global supply chain contributes 12% of gross domestic product (GDP). It has become a valuable entity in the supply chain industry worldwide. The figure shows that people tend to consume more, requiring companies to adopt a sophisticated strategy and deliver products on time.

Supply Chain 247 highlights that 30% of companies primary goal is to meet clients’ requirements and supply products effectively, reliably, quickly, and cost-effectively. The purpose is to improve the company’s overall bottom line and stand out from the competition in the supply chain industry.

Supply chain business leaders look for new ways to transform global supply chain management and adapt to growing clients’ requirements. According to SCMR, 75% of businesses focus on digital tools, software, and application to achieve effective supply chain management.

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