By Tompkins International Staff
Jim Tompkins, CEO, Tompkins International has just released his newest thought leadership video, Supply Chain Revolutions: Responding to Digital Disruptions along with The Survival Guide to Digital Disruptions white paper. Tompkins continues to shape and grow the supply chain industry through innovative ideas, insight, and intelligence.
Digital disruptions are affecting supply chains and the way business is being done. Businesses cannot be successful in the digital era with yesterday's supply chain practices and technologies. This is the time to stage a supply chain revolution that responds to an unmatched level of digital disruptions.
Throughout the video, Tompkins explains the importance of understanding how digital disruptions are affecting companies supply chains. Also, explained is what needs to take place to respond to these disruptions. With the use of graphics, quotes, data, and proven results, Tompkins makes it clear why businesses must become digitally capable in order to achieve profitability.
Being digital is the ability to market, sell, and serve through digital means. Digital encompasses the entire product and service lifecycle, and impacts all trading partners of national and international supply chains.
The pace of digital disruptions is impacting our supply chain planning agility. You can no longer do a five year plan and think this is actually going to occur. Of course you need to plan, but is it not realistic to think you can anticipate the speed at which things are moving. Plan for five years, but have the agility and realism to adjust your five year plan every year as the pace of digital disruptions demands that this occur.
Due to the continued disruptions a company's supply chain must be capable of responding to competitors digital capabilities in the digital age.