How cloud software, automation, and other advanced technologies can help create more stable, predictable supply chains for 2021 and beyond.
Operating with supply chain networks put in place years or even decades ago, these companies suddenly found themselves in unfamiliar territory as suppliers extended lead times, existing stock was used up, and customers’ “panic buying” tendencies ebbed and flowed throughout the year.
For companies that already had cloud software, automation, artificial intelligence (AI), and other advanced tools in place, the situation was somewhat easier to manage.
For example, companies with established cloud enterprise resource planning (ERP) platforms were able to more quickly shift over to remote work, while educational institutions with existing laptop/device programs and online learning platforms in place were able to pivot to web-based teaching.
These are just two examples of how organizations can use cloud software, automation, and other advanced technologies to adapt in this “new normal” operating environment, which at least for now appears to be here to stay.
“As businesses shift priorities to enable remote work, leverage cloud innovation, and maximize their existing on-premises investments, an effective multi-cloud, multi-edge hybrid approach will be more important than ever,” Gadgets Now explains. “It provides organizations the much-required agility, scalability, and efficiency while enabling them to stay compliant as they rebuild their businesses.”
“To build an elastic and resilient cloud foundation, leaders must consider the key tools they’ll need, like a modern cloud ERP solution,” Gaynor adds. “Once they have selected and rolled out an appropriate ERP, organizations can further leverage the cloud.
While cloud undeniably offers the flexibility that on-premises software delivery options can’t match, Business2Community says organizations also need flexibility in how they consume cloud services. “For example, by adopting cloud-native apps, businesses gain flexibility as well as scalability,” it explains. “That’s due to the ability to deploy microservices via containers that can be dynamically provisioned based on user demand.”
In Can Cloud Revolutionize Business and Software Architecture?, InformationWeek discusses how cloud offers companies more elasticity and the capacity to make faster changes. For example, cloud can help organizations scale up or down as needed and better react to customer engagement, supply chain shifts, and other demands that have risen to the surface during the pandemic.
As the business environment continues to evolve, and as companies look for new ways to improve their resiliency in the face of disruption, expect to see more of them turning to the cloud, automation, and other advanced technologies for help. Whether it’s a global pandemic, geopolitical turmoil, or a weather event, the next supply disruption will always be lurking around the next corner.
Will your company be ready for it when it comes?