Building Resilient Supply Chains

In part two of this feature, Deepti Thore looks at the ongoing efforts to strengthen resilient supply chains further and be future-ready.

-  Deepti Thore

In part one of the feature 'Building Resilient Supply Chains', we looked at how stakeholders of the automotive industry including tier suppliers are strengthening resilient supply chains in the aftermath of the pandemic. With the importance of risk management and continuity plans to avoid supply chain disruptions being realised across the board, the attention is back to turning future-ready and unlocking long-term plans beyond safeguarding short-term business interests. To walk the talk, the industry continues to adopt digitisation in the value chain and innovate on fronts like the Artificial Internet of Things (AIOT). To tackle the global demand, many players have resorted to opening the global Centre of Excellence and R&D hubs in India as the biggest centres outside their home grounds.

Commenting on the advances made, Mayur Danait, Chief Information Officer at Pidilite Industries Ltd opined, "There are two things that are driving the change in the supply chain which include the push coming from technology including cloud technology, smart sensors, IoT and algorithms. There is a constant push on how you can modernise the supply chain." In contrast, Danait cited external pull factors playing a part in shaping the supply chains.

The complexity of the supply chain constantly keeps going up courtesy of e-commerce and as a result pressurising service models. There is also some amount of regulation which further promotes the adoption of digitisation," he shared.

Digitisation in supply chains