Managing risk better, faster and smarter with digitised supply chains

Gregory L. Schlegel and Robert J. Trent
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Gregory L. Schlegel: Founder, Supply Chain Risk Management Consortium, USA
Robert J. Trent: Lehigh University, 621 Taylor Street, Bethlehem, PA 18015, USA

Journal of Supply Chain Management, Logistics and Procurement, 2021, vol. 3, issue 3, 210-225

Abstract: The application of diverse technologies such as sensors, artificial intelligence, cloud computing, digital twins and predictive analytics is rapidly changing the way companies design, manufacture, distribute and service products. An obvious indication of this change is the increasing evolution toward digitised supply chains, which support the rapid integration of data and information from different sources to enhance supply chain performance. This paper explores digitisation as a critical enabler of effective supply chain management, including risk management.

Keywords: supply chain; digitisation; risk; reliance; technology (search for similar items in EconPapers)
JEL-codes: L23 M11 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jscm00:y:2021:v:3:i:3:p:210-225

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