Steps to Ensure the Digitalization of the Global Supply Chain

The fact that the insurgence of the pandemic has necessitated a prompt transformation of every vital operational business mechanism, perhaps, cannot be overstated. The disruptions encountered by the global supply chain, in particular, have enunciated the immediate need for its immediate digitalization. Delving into this very issue, Puay Guan Goh, in this article by NUS Business School designates effective steps to ensure the digitalization of the global supply chain, across diverse sectors and industries.

As one of the primary steps to ensure the digitalization of the global supply chain, Puay recommends viewing the entire structure, not as a complex framework but rather to break it down into small, attainable steps and make it easily accessible. Facilitating revised modes of purchase and transaction is yet another of the steps to ensure the digitalization of the global supply chain that Goh suggests will contribute to the overall ease of customers as well. As one of the final measures, the article designates taking into account the ever-altering volatilities of the market into context and accelerating the pace of retaliation to ensure a successful transition and adoption of the digitalization of the global supply chain.