The global economy has been under tremendous pressure since the start of the COVID-19 pandemic and the war in Ukraine. These two crises have forced companies to find ways to be prepared for geopolitical tensions and supply chain disruptions.
The pandemic revealed how damaging it can be if global supply chains focus solely on efficiency. Changing an existing supply chain is not simple, as it has to be sustainable and secure, and it still needs to balance the demands for cost efficiency.
Digitalization is used to create revenue, improve business, and to replace and transform business processes. Digital solutions offer tools for more competitive ways to run business. Digitalization is increasingly utilized to reach a higher sustainability performance and to meet the requirements of increased visibility and transparency in the end-to-end supply chain. A digitalization strategy is needed to deploy the full potential of digitalization, also in terms of sustainability.