Technology Trends in the Digital Supply Chain: Sustainability & Cloud

Supply and value chains have undergone a dramatic shift since early 2020. While some changes were already in progress, many adjustments were required to adapt to the disruptions. Companies leveraged many tools, including technology, to stay agile, competitive and resilient. An SAP white paper notes that today’s supply chains have become part of a company’s differentiation strategy or competitive advantage. By becoming resilient, your supply chain can quickly respond and recover from unexpected events. The complex, interconnected challenges of today’s world are constant. How will supply chains continue to transform to meet these challenges as well as future demands?

How Sustainability Builds Resiliency

Taking steps to implement sustainable business practices and processes influences decisions across many industries. The demand is growing for responsibly sourced products and services that reduce environmental impacts and social inequities. This requires a full-lifecycle approach. Therefore, companies want to manage performance holistically and profitably through an integrated approach internally and with their supply chain stakeholders. Below are some insights into this trend:

• $90 trillion is projected to be invested in climate-smart infrastructure by 2030 says the United Nations
• 5.6x faster growth of sustainable consumer packaged goods notes the World Bank Carbon Pricing Dashboard
• 60+ carbon pricing initiatives in effect or scheduled for implementation per a New York University Leonard N. Stern School of Business report
• 11% more new product launches where compliance and sustainability checks are embedded in the development cycle according to an SAP Performance Benchmarks study

Processes guided by a sound strategy and actionable insights create a layer of resiliency and sustainability because continuous improvement and knowledge acquisition is built into everyday actions. You can leverage technology to disrupt and transform how business is done by supporting critical decisions.

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