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 varied streams of big data and advanced tools and techniques such as geo-analytics represents the next frontier of supply chain innovation that some companies are harnessing to create competitive advantage. Which technologies and competencies are most important to the digital supply chain? Which industries are already seeing the benefits? How can you profit? We’ll show you.
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