Rivian’s chip & supply struggles – It’s predicted that we will see a continuation of the global chip shortage

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It is predicted that we will see a continuation of the global chip shortage, which may well cause continued shortages in the electronics and automotive industries.

Looking at any given supply chain, you have producers of information and consumers of information. It is an end-to-end ecosystem in itself.  Supply chain data will have to be agile, nimble and flexible to counter shortages and disruption. Legacy approaches to data such as batch processing, where data is updated on an overnight basis, simply won’t cut it.

Real-time, fully integrated digitised supply chains are needed to keep disruptive impacts to a minimum. Event tracking will therefore be critical, and event-driven architecture (EDA) addresses this by making sure that the data that drives IT systems is a series of ‘events’ that can move in real-time as the corresponding event in the real world takes place. This is the type of system that event-driven architecture can bring to the supply chain.

An event-driven supply chain means that information can travel from point A to point B as-it-happens. This helps businesses react to events and detect problems faster, reduce administrative overheads and automate communication.  Without this seamless exchange between buyers and suppliers, the supply chain crisis will continue to wreak havoc.