How can users come up for air in a permacrisis? EY talks manufacturing and supply chains
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Key Takeaways
⇨ The term 'permacrisis' reflects an ongoing period of instability affecting manufacturers and supply chains, but it also presents opportunities for growth and technological advancement, especially in the use of digital tools.
⇨ Fortifying the core technology stack and ensuring data and process integrity are essential for businesses to make informed decisions during crises and to maintain agility and flexibility in operations.
⇨ Emerging technologies like digital twins and IoT are enabling companies to enhance real-time visibility in supply chains, improve maintenance predictability, and create innovative customer experiences, thus helping to mitigate risks associated with crises.
Manufacturers and supply chains are feeling the permacrisis pressure. EY’s global consulting head of SAP, Dr. Tom Janoshalmi, shares how users can resurface from the slump.