Page 49 - Packaging News magazine July-August 2022
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DIGITALISATION OPPORTUNITY
Most of the disparity between potential and actual gains from supply chain digitalisation can be explained by technology gaps and management choices, according to Soong.
“Technology gaps have occurred because advances in supply-chain technologies tailed off after an initial burst of innovation. This yielded tech- nologies that enabled companies to streamline routine activities, expand the capabilities of sys- tems, and enhance analytical practices,” he says.
“Now that better digital solu- tions have become available, companies can make greater improvements in supply-chain performance.”
Soong says the right approach to digitising supply chains inte- grates leading-edge technologies
with revamped operations, assessing the supply chain’s current state, and developing a transformation road map.
“No matter the size of an organisation, a more responsive supply chain strategy focused on adding more value for the end customer can directly impact company growth. Whether it is integrating current technology to make better use of existing software for tracking or identi- fying alternative product sources and shipping routes, applying innovation is a powerful boost to master change and boost growth,” he concludes.
The application of innovation also means growth and effi- ciency of the industry itself, and transparency from manufacturer to retailer and end customer, which spells resiliency for Australia’s supply chains. ■
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E2OPEN is the connected supply chain software platform that enables the world’s largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 400,000 manufacturing, logistics, channel, and distribution partners as one multi- enterprise network tracking over 12 billion transactions annually. The company’s SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably.