During the last 4 years, the supply chain has emerged as a major opportunity for sustainable growth across sectors and industries. There is a sudden focus on supply chain efficiency to enhance business profitability and customer
experience. Considering this as an opportunity, Boards of directors are now setting clear targets to add 2-5% to the bottom line through supply chain optimization.
Food businesses are looking at reducing waste across the chain to achieve some quick numbers as well as meet the regulator’s expectations on sustainability goals. Looking
at the importance of the task in hand, brands are not just exploring new models suited to their businesses but also how they can make the best use of technology to make this difference. The latest buzz around AI has also added a new dimension to how next generation supply chain will function.
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