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In the race to Industry 4.0 , new research by digital training provider , Skill Dynamics , found that almost all professionals surveyed ( 99 percent ) are investing in new technologies - from artificial intelligence ( AI ) to big data analytics - to drive efficiencies and boost business growth . However , despite these resources , a quarter of those surveyed said they had not noticed any improvements in the speed ( 25 percent ) or accuracy ( 21 percent ) of their team ’ s work .
In the current era of interconnectivity , where systems , sensors , and data reign supreme , relying solely on state-of-the-art digital technologies is no longer sufficient for success in supply chain management . Still , many teams plan to increase their digital technology investments in the next five years by seven percent in supply chain visibility and tracking and eight percent in measuring environmental , social and governance ( ESG ) performance . For teams to truly excel in their role , we need more than technology - we need to be upskilled in the core competencies that drive innovation .
Failing to adapt will lead to the ultimate demise
Across industries , a clear dichotomy exists between experienced , senior supply chain professionals and digital-savvy juniors . The seasoned veterans possess a deep understanding of foundational supply chain principles , such as forecasting , inventory management , and supply planning . However , they often lack the digital skill set necessary to leverage the vast amounts of data and technology available . On the other hand , junior professionals have a broad view of the art of the possible and intuitively grasp the digital landscape but lack vertical expertise within supply chain operations .
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