Most companies surveyed for the 19th Hermes Barometer have recognized the importance of digital solutions and platforms for improved supply chain visibility and data insight. At 79%, the majority of respondents agree that digital technologies make a decisive contribution to increasing supply chain transparency and optimizing processes. In organizations with more than 500 employees, as many as 94% share this view.
“Transparency replaces unawareness and is key to creating sustainable and responsible supply chains,” confirms Nadja Grabenströer, Division Manager Sales & Corporate Functions at Hermes International, a division of Hermes Germany. “Successful supply chain management should therefore always include transparent and detailed traceability as well as AI-driven data monitoring. In this way, companies can monitor and optimize their CO2 emissions holistically and also support downstream supply chain partners with targeted measures.”
Faster response to unforeseen events
In addition to compliance with sustainability criteria, the logistics managers surveyed find further advantages connected to a transparent supply chain. The majority of survey participants agree that a detailed insight into the individual supply chain processes can help to improve the quality of deliveries. Across all company sizes, 70% of survey participants view this factor as a key benefit of transparency, as it gives them better control over the delivery process and enables them to identify potential bottlenecks and problems at an early stage.
75% of larger companies with more than 500 employees also value the improved ability to react to unforeseen events, which they believe goes hand in hand with increased supply chain transparency. “In order to proactively counteract possible risks, a constant data exchange and increased cooperation within the supply chain pay off. The end-to-end synchronization of logistics and production enables companies to react more quickly and efficiently to disruptions, bottlenecks or challenges,” Nadja Grabenströer comments on the survey results.
“In order to proactively counteract possible risks, a constant data exchange and increased cooperation within the supply chain pay off”