How to adapt your supply chain to new realities

Learn how technology and financing can improve supply chain resiliency

The fact that the supply chain is disrupted by the pandemic is not a surprise. We are dealing with those consequences every day, but there are also many other current and potential future disruptors – from climate change and de-globalization to shifting demographics and technological advancement – that convince us that a review of supply chain strategy is necessary.

 

With this disruption comes greater cost and impact to the continuity of supply. There are instances where shortages of a low tech, low cost component caused significant delays in highly complex, yet essential technology. There are also cost drivers and interdependencies in the supply chain that impact resiliency, but technology can help.

 

Research from Siemens Advanta – Siemens’ digitalization consulting arm – found that 73% of supply chain leaders say they’ve encountered problems in their supplier footprint that require changes in the future. Technology can accelerate change – improving cost, reliability and ultimately customer satisfaction, yet knowing what and how to invest in may be tricky to navigate. Learn how to invest in the digital journey.

 

With almost 400,000 employees in more than 200 countries, Siemens operates across the energy, healthcare and industrial sectors where we bring electrification, automation and digitalization solutions to our clients. At Siemens Financial Services, we provide financing for clients who are on both sides of the supply chain, either supplying to or consumers of products and solutions within these industries.

 

We recently hosted a webinar, Supply Chain Risk and Resiliency in an Age of Uncertainty, which focused on how clients can adapt their supply chains to the new realities we’re faced with today. Discover how by watching it now.

 

 

By Anthony Casciano, CEO, Siemens Financial Services, Inc.