How COVID–19 Will Shape Future Supply Chains
Covid-19’s impact on how business is done will extend far past Zoom calls and virtual conferencing. The global pandemic will forever change how supply networks are structured and operated. Most notably, the pandemic has magnified both the lack of visibility and the rigid nature of many supply networks. In fact, most enterprises only have 20% visibility into their distribution channels. In a study conducted in 2019, 84% of C-level supply chain officers stated that visibility was their biggest challenge. Value chains must address vulnerable areas and become more flexible to avoid not meeting demand. Having visibility and foresight over materials, inventory, equipment, and personnel allow logistics networks to implement buffers that can help industries both prepare for and handle market disruptions.
Many experts look to supply chain digitization as the key to increasing enterprise visibility. Digitization includes improving visibility along every step through real-time data and insights. The result is a system that is transparent from end to end, closing the information gap between different vendors in the value chain.
Digitized Supply Chains Respond 25% Faster to Market Changes 
RFID and location technology that automates inventory tracking will become more critical in the future. Location technology in particular is vital for future digitization. For instance, location solutions like Zebra MotionWorks can collect real-time data surrounding assets and generate actionable insights for better logistics operations. Studies show that digitization helps companies achieve 10% higher product availability and a 25% faster response to market changes. By using location solutions, organizations can constantly collect data surrounding assets in real time. Intelligent location data can range from location timestamps to even the condition of an asset. This gives decision-makers access to valuable insights surrounding events occurring throughout the value chain. As a result, leaders can better assess the status of distribution networks, course correct in real-time, and pinpoint areas for optimization. Other benefits of effectively utilizing location solutions include:
- Unified data throughout the value chain
- Waste reduction
- A flexible supply network that can avoid risks
- Better responsiveness to market disruptions
- Status as a reliable supplier and partner
Preparing for Future Supply Chains
In the coming years, value chains across all industries will prioritize having end-to-end visibility as well as predictive analytics models. In addition to maximizing the use of real-time location data, companies should also implement risk management teams to monitor supply chain activity. Lastly, companies should perform an audit to identify areas of the value chain where there may be low visibility.
In order to implement a successful digitized supply chain, it is critical to have a partner who understands how to implement this technology so that it yields the best results. RMS Omega leverages years of expertise and a premier partnership with Zebra Technologies to design location solutions that solve your specific pain points. With RMS Omega you will work with a team of location solutions experts who will take the time to understand your supply chain challenges and offer continued guidance and assistance through solution design, implementation, training, and ongoing support after deployment.