Why secure data sharing is the future of supply chain
Modern day supply chains have transformed from traditional networks of OEMs and suppliers, into vast ecosystems all trying to coordinate and work together in an increasingly dynamic manner. From digital ERP and new supply chain management software, to connected manufacturing equipment, digital shipping notices and RFID scanning technologies – these are not your grandma’s supply chains.
Yet there is still a gross lack of transparency and traceability of all the data being shared in a supply chain both internally and externally. This leads to data disparities and exposes the chain to security, fraud and delayed time to market risks, amongst others.