Exposed are the interdependencies that we all knew existed, if not how fragile they would eventually prove to be. As we come to terms with the realization that the next normal is likely to be an increasingly resource constrained environment, organizations have largely accepted significant cost increases, choosing instead to focus on building resilience in their supply chains to ensure continuity of supply.

According to IDC's March 2022 Supply Chain Survey, addressing risk is taking many forms as organizations increase supplier diversity, shift from lean to dynamic networks, explore options for nearshoring and reshoring, and weigh these decisions against sustainability (ESG) initiatives, which are becoming baked into organizational DNA.

Across industries, organizations striving to achieve resilience in this increasingly dynamic environment will be required to harness data to increase visibility, cultivate timely intelligence through advanced analytics, and develop organizational agility to move swiftly as actionable insights are uncovered.

At a Glance

WHAT'S IMPORTANT
Traditional approaches to data management are failing to meet new business requirements that demand a combination of real-time connected data, self-service, and a high degree of automation, speed, and intelligence.

KEY TAKEAWAY
There is an increasing disparity in business revenue performance between digitally enabled and non-digital organizations.

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