Manufacturing supply chains to invest in technology by the end of 2021
In 2020 and into 2021, industrial companies in the EMEA region have been hit by high impact transformations including multiple waves of COVID-19 and many major geo-political events. In this context, companies that have made more extensive advances in digital transformation and digital technology deployment have historically delivered a better business performance than their “non-digital” counterparts.
This was revealed in IDC’s Executive Brief – Executive Predictions For Industrial Digital Transformation in EMEA: 2021 (And Beyond), sponsored by Rockwell Automation, which is based on a survey of more than 400 industrial companies across the EMEA region, and examines how businesses have adjusted their approach to digital transformation in the face of uncertainty, and how those changes have affected them and will continue to affect them into the future.
Jan Burian, Head of IDC Manufacturing Insights EMEA, IDC, says that IDC expects that, by the end of 2021, 90% of all manufacturing supply chains will have invested in the technology and business processes necessary for true resilience, resulting in productivity improvements of 5%.
To stay relevant in current market conditions, companies need to drive integrated fulfillment through digital supply networks by enabling flexible reactions to changes in demand, supply, and resources.
This quest for resilience starts with mitigating risks in the face of higher complexity of operations. According to IDC’s Supply chain survey of EMEA companies, sponsored by Rockwell Automation, managing logistics and fulfillment and achieving end-to-end visibility are the two areas that are critical to managing risk across the supply chain.