Poorly Digitized Supply Chains Twice As Likely to Suffer From COVID-19 Disruptions
Drawing from the input of 700+ businesses around the world across a variety of consumer product segments, this report analyzes the ongoing trends related to supply chain visibility and digital transformation of sourcing, including the impact of the COVID-19 pandemic on the evolution of the digital supply chain.
Table of contents
1. Digital Supply Chains Prove Instrumental for Navigating Disruption
- Companies with a low degree of supply chain digitization were twice as likely to suffer from serious product quality and supplier communication issues
- Product quality, ethical sourcing and supplier communication all felt tangible impact of the pandemic in 2020
- Supply chain visibility on the list of top challenges of 2021
2. High Demand for Advanced Supply Chain Solutions Drives Ever-Faster Digital Transformation
- COVID-19 doubled the pace of supply chain digitization in 2020
- A digital supply chain is quickly becoming the norm, with 94% businesses reporting at least some degree of digitization; however, more than half (56%) have poorly digitized supply chains
- Demand for better quality and compliance tools remains high in 2021, with two-thirds of companies implementing new solutions
3. Supply Chain Visibility Remains a Challenge Across the Board
- Up to 77% of businesses have blind spots in their supply chains
- Two-thirds (63%) of companies would like more visibility into their supply chain processes and schedules
4. Survey Responses and Graphs
Download the full report to gain insights about the impact of the COVID-19 pandemic on the evolution of the digital supply chain.