Hyperconnected Supply Chains: Fostering the Technology Driven Efficiency

With 50% or more of an organization’s costs directly relating to supply chain, it is no wonder that in today’s dynamic and interconnected world, supply chain management (SCM) has emerged as a critical factor in business success. Today, global supply chains are very complex, involving multiple suppliers, manufacturers, distributors, customers, and international upheavals. However, this complexity can cause the industry to face numerous pain points, from supply chain disruptions and inventory management challenges to cybersecurity threats and the need for increased agility. To address these challenges, businesses seek innovative solutions and best practices to optimize their supply chains, drive business growth, increase revenue, and improve innovation. However, these technologies can be complex and expensive to implement and maintain. Additionally, businesses need to ensure that their technologies are compatible with the technologies of their suppliers and customers. Organizations are turning to vendors for digital fabric enablement -- connecting their supply chains end-to-end, gaining real-time visibility into their operations, and automating processes. This leads to a Hyperconnected Supply Chain, leveraging technology to enhance operational efficiency, optimize decision-making, and drive innovation throughout the supply chain ecosystem to build resilience into supply chains. This discussion will bring together experts from industry and academia to explore the evolving landscape of SCM and discuss strategies for overcoming common pain points. The discussion will highlight best practices to showcase how companies leverage technology to deliver seamless and efficient supply chains. Speakers: • Senthil Veeraraghavan, The Wharton School • Michael Mandel, Mack Institute • Hemant Ramaswami, Hanesbrands • Robert Boland, Haleon • Chirag Patel, CSL Behring • Ankur Jindal, Tata Communications