Auditing and advisory firm KPMG has found that71 of organisations are prioritising digital transformation to drive agility and resilience, with artificial intelligence AI, advanced analytics and cloud technologies topping the investment agenda, writesPaul Vos of the Chartered Institute of Procurement Supply CIPS Southern Africa.
According to the regional manager for CIPS, the report highlights a clear shift from reactive supply chain strategies to predictive and proactive models, powered by real-time data and machine learning.
He adds that PwCs Digital Supply Chain Survey reinforces this, 'revealing that digitally mature supply chains are six times more likely to experience revenue growth and profitability than their less advanced counterparts.
'These leaders are using AI to refine forecasting accuracy, cloud-based platforms to enhance end-to-end visibility, and smart systems to track sustainability metrics across procurement.'
Read the rest of Vos' opinion in our 'Columns' section. Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free. Subscribe to receive print copies of Freight News Features to your door.