It’s no secret that there has been massive disruption across global supply chains over the past year. In fact, 94% of Fortune 1000 companies have stated that they are facing supply chain disruptions from COVID-19.
Many factors, such as port delays and materials shortages, have conspired to drive disruption, leading to increased costs and delays for many industries and ultimately impacting the prices that companies and consumers pay for goods.
In the face of disruption, organizations have had to respond rapidly, pivoting operations and implementing makeshift solutions to stay afloat. This has brought to light just how siloed and fragile supply chains really are within most companies.
The lack of end-to-end visibility caused by these siloed systems and data has been many companies’ greatest challenge. Not having access to real-time data has led to damaging delays in response times and left organizations having to manage disruptions without a clear sense of the potential fallout of their decisions.
To better prepare for future disruption, companies must look toward a more agile and connected supply chain. Organizations that are better prepared to act quickly and pivot to changing environments will have a competitive advantage moving forward.
Building resiliency for the future.
To build the more resilient and responsible supply chains of the future, organizations must leverage data to be more effective and implement technology that ensures end-to-end transparency across the supply chain.
Modernisation through low-code makes it possible to enable this transparency and collaboration, allowing integration of third-party AI services, such as machine-learning and intelligent document processing, among others, in a single workflow, to truly transform supply chain orchestration.
Low-code is a different way of developing applications. Rather than writing lines of code, developers create applications using visual, intent-driven development tools. Embracing low-code enables organizations to break free of the technical debt burden and speed-up application development time without needing to replace old systems.
A great example of a modern supply chain can be seen in the leader of the agriculture-food sector in Italy, Amadori. Amadori had built many systems, data, and processes over time and needed to simplify and digitize its operations for all parties involved in its supply chain. They chose low-code to modernize their technology infrastructure and create connected business applications that brought together their legacy systems and data. As a result, they were able to gather all data related to their fleet utilization in real-time in one single view and automate order and invoice approvals across departments.
A new approach to build applications is crucial to create a resilient supply chain that meets modern customer expectations. There has been no better time for a business to think in an agile and flexible manner. To see how Appian is enabling the manufacturing industry to innovate and scale at pace, check the Appian Supply Chain management page.
For more information, visit Appian Supply Chain management.
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