Competing Via the Digital Supply Chain

In recent decades, companies have looked to technology, lean manufacturing, and global production to increase efficiency and reduce costs. But these tactics are now leading to diminishing returns. For instance, differences in global manufacturing costs between countries such as China and the U.S. have narrowed over the past ten years. At the same time, supply chains have grown more complicated, while customer demands have gotten more complex. As a result, companies are bringing production closer to home markets. Meanwhile, the combination of large, fast-moving, and var.....