Manufacturing industry struggling amid supply chain crisis

BDO’s latest data finding the UK manufacturing industry dealing with continued supply problems is just the tip of the iceberg. This is not a siloed event, continued disruption to the supply chain is wreaking havoc to already struggling businesses. And its consumers that will pay the price.

One thing is certain; we need smart solutions for an intelligent exit strategy from this supply chain crisis.

To a large extent, disruption has been caused by a lack of visibility – not just visibility in terms of where their products or items are, but visibility into the partners and stakeholders upon whom many supply chains are so dependent in order to work efficiently.

Businesses can no longer wait for the dust to settle. They must implement new technologies and have 360-degree visibility across the supply chain to deliver an efficient customer service. It’s no wonder that 70% of consumers would be more willing to buy from a brand they knew used artificial intelligence to manage their supply chain. After all, it’s innovation that drives efficiencies.

 

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