For companies producing just about any physical product, the many “black swan” events (catastrophic incidents that are nearly impossible to predict) of the last four years illustrate the importance of supply chain resilience—businesses’ ability to anticipate, respond, and bounce back. Yet many organizations still don’t have robust measures in place for future setbacks.
In a poll of 250 business leaders conducted by MIT Technology Review Insights in partnership with Infosys Cobalt, just 12% say their supply chains are in a “fully modern, integrated” state. Almost half of respondents’ firms (47%) regularly experience some supply chain disruptions—nearly one in five (19%) say they feel “constant pressure,” and 28% experience
“occasional disruptions.” A mere 6% say disruptions aren’t an issue. But there’s hope on the horizon. In 2024, rapidly advancing technologies are making transparent, collaborative, and data-driven supply chains more realistic.
“Emerging technologies can play a vital role in creating more sustainable and circular supply chains,” says Dinesh Rao, executive vice president and co-head of delivery at digital services and consulting company Infosys. “Recent strides in artificial intelligence and machine learning, blockchain, and other systems will help build the ability to deliver future-ready, resilient supply chains.”
This content was produced by Insights, the custom content arm of MIT Technology Review. It was not written by MIT Technology Review’s editorial staff.