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Article, A data-sharing approach for supply chain visibility
https://www.brookings.edu/techstream/a-data-sharing-approach-for-greater-supply-chain-visibility/
Amid the lingering effects of the COVID-19 pandemic, rising inflation, the war in Ukraine, geopolitical tensions in East Asia, and more frequent extreme weather events, manufacturing supply chains continue to struggle in bringing goods when and where they are needed. These disruptions have affected all aspects of end-to-end supply chains, producing demand shifts, supply and manufacturing capacity reductions, and coordination failures. Prior to 2020, most supply chain designs lacked the resilience needed to cope with these disruptions, and, in response, companies have tried to diversify their sourcing and increase inventories and manufacturing capacity, all of which have led to increased cost. Now more than ever, companies need a new paradigm for cost-competitive resilience if they are to redesign supply chains while maintaining their competitive advantages. Firms are increasingly turning toward better contingency planning, improving organizational readiness and worker flexibility, automation, and building more collaborative relationships with suppliers to improve supply chain resilience.