Forbes July 9, 2024
Alex Saric is the chief marketing officer at Ivalua.
Increasing supply chain complexity and fragility are putting a tremendous strain on enterprises across the globe. Large U.S. businesses rely on tens of thousands of suppliers globally, in some cases over 100,000, to meet customer expectations.
At the same time, companies are facing unprecedented geopolitical, climate and financial challenges. The recent attacks on commercial vessels in the Red Sea have seen supply chain costs increase by as much as 250%, and climate disruption is estimated to cause $25 trillion in corporate net losses by 2050.
The variety of data that must be digested to effectively manage supply chains has grown drastically, as has the volume. Without the right processes and technologies...
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