The impact of COVID-19
AGILE DIGITAL
The impact of COVID-19
2020 was been defined by supply chain disruption . The impact of COVID-19 has accelerated trends that will not only lead to the diversification and localisation of supply chains , but also increase the need for digitalisation and end-toend visibility . Now more than ever , procurement is uniquely positioned to be transformative and highly impactful for businesses as we enter a new era of data-driven intelligence .
A shift away from the traditional , linear supply chain to a broader supply network , coupled with dynamic partnerships driving innovation , will be key to gaining a 360-degree view of supply , improving cash flow , developing new products and pursuing sustainability initiatives . Breaking away from reactivity and focusing on proactivity will be essential in tackling new business challenges in a post-COVID-19 world . Network strategies , and making use of data-driven insights , will be important in avoiding repercussions from future shocks and shifts , replacing linearity with interconnectivity .
more agile , focusing on the creative application of the technology to the needs of the business , such as identifying new opportunities for revenue .
How important is digital agility when it comes to ensuring a successful digital transformation strategy ? Hugely important , but it is not just about the tools but also organisational culture . Digital agility needs people who are flexible , that think creatively and value change . Many large-scale enterprises and businesses in our key sectors face huge , initial for ways into digital transformation – they are understandably fearful to ensure they have the right tools , people and culture to make it work . There needs to be a focused endeavour to see the end benefits of digital transformation and that is where the agility has to start – making
120 April 2021