Visibility across the supply chain is critical to optimize efficiency and agility, especially during major disruptions. Yet obtaining visibility is difficult, many players in the ecosystem are hesitant to share information, either to protect commercially sensitive data, or to gain a competitive advantage. A decentralized technology, such as blockchain, with either private or public permissions, could enable data to be securely distributed to others in the blockchain network without requiring the point-to-point integration as in a centralized system; at the same time, players can manage and audit their data-sharing permissions directly on their own blockchain node. It's a great solution to provide visibility in the supply chain while protecting privacy.
Supply chain resilience is more critical than ever amid unprecedented disruptions due to the COVID-19 pandemic. As a result, supply chains are viewed more as lifelines connecting business and society to goods and services -- from personal protective equipment to personal digital assistants -- with robotic process automation (RPA), artificial intelligence (AI) and machine learning pressed into service at an accelerated pace. Working virtually alongside humans or replacing them, RPA software bots are as essential as the front-line workers who keep the supply chain flowing from product conception to delivery. But the rush to take full advantage of RPA for highly repetitive, time-consuming tasks and AI for more complex supply chain processes is not without roadblocks as companies shift priorities, digitally transform and contend with the aftershocks of the pandemic. According to KPMG's 2020 Outlook, CEOs surveyed during July and August identified supply chain risk as one of the "greatest threats to their organizations' growth."
As the dangers mount, current approaches aren't working. Cyberrisk management needs a root-and-branch overhaul. Until recently, financial firms and governments were the primary targets of cyberattacks. Today, with every company hooking up more and more of their business to the Internet, the threat is now universal. Consider the havoc wreaked by three recent events.
The pace of digital transformation accelerates with a focus on resilience, agility, and operational efficiency. End-to-end cybersecurity is an essential transversal part of each digital transformation strategy (or, at least, should be). Yet, the acceleration of digitization and digitalization calls for more: cyber resilience. Here is why digital transformation and cyber resilience go hand in hand. What is the most direct link between digital transformation and cyber resilience?