For the recovery, renewal, and upgrading of supply chains
Supply chain disruptions are inevitable. The causes can be anything from late supply deliveries to production line shutdowns or transportation shortages. It is reasonably common for supply chain organizations to detect and respond to events quickly and without affecting the service to their customers and operations.
Today, however, organizations are facing major disruptions that affect their supply chains significantly. A recent survey by Gartner found that 76% of supply chain executives are facing more disruptions in their supply chains these days than three years ago. Furthermore, another 72% reported that disruption events have become more damaging.
A recent example is the COVID-19 pandemic. Other examples include tariff disputes, natural disasters, and supply failures. Companies increasingly rely on supply chain analytics tools for identifying disruptions, analyzing their scale, and predicting their effects on the supply chain.