The supply chain is the backbone of many industries. A disruption at any point in the logistics process can send a ripple effect throughout the business, leading to lost profits and even lost customers. Supply chain risk mitigation is essential, and an often-overlooked aspect of this process is data management.
Almost two-thirds of businesses don't use technology to monitor their logistics performance. This figure means that at least two-thirds of supply chains are likely not managing risk as effectively as they could. Using available technology to manage their data, companies can significantly reduce supply chain risks.