From the course: Digital Transformation in Supply Chains

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Solution: Technology threats and opportunities

Solution: Technology threats and opportunities

From the course: Digital Transformation in Supply Chains

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Solution: Technology threats and opportunities

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- When we think about digital transformation, it helps to think about how technologies can be threats or business opportunities. Let me share an example of how three technologies are likely to pose a threat to our current supply chains and how they could create opportunities for innovative companies. First is analytics. I think there's a huge opportunity for companies who can build their business around data. Companies that learn how to do this well will be able to move quickly and efficiently, which means they can provide their customers with better service for a lower cost. On the other hand, companies that aren't leaders in the use of supply chain analytics are going to fall behind. So, for them, analytics is actually a threat that's likely to make them obsolete. Next is communications. Companies that adopt technologies from RFID to 5G will have better visibility into their supply chains. That will allow them to…

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