________________________________________________________________________________________________________________________
Data-drive change
Why supply chains, upstream and downstream, must live in a data sharing world.
By Enzo Brienza
As AI revolutionizes supply chains, both upstream( suppliers, manufacturers) and downstream( distributors, retailers, consumers) participants need to operate within a data-sharing ecosystem to boost efficiency, resilience, and responsiveness. To achieve substantial and sustained improvements in efficiency, profitability, resilience, and agility, the sharing of data is essential for optimizing supply chains.
Yet the sharing of data between the myriad different organizations within a complex modern supply chain requires trust, which is often hard to create, facing many different barriers. The absence of trust inhibits data sharing and stands in the way of a supply chain realizing its full potential.
Organizations need to work hard at establishing trust so they can use shared data to enhance decision-making at every level in the chain, fueling greater collaboration and responsiveness while reducing risk. This applies to both upstream and downstream data within a supply chain ecosystem, and it’ s not enough to only focus on one direction of flow if true gains are to be made.
Upstream data and the downstream world
The upstream sharing of data from suppliers and raw material providers to vendors or manufacturers enables, amongst other
10