Staying competitive in business is essential to keep a company successful. Today’s world is a digital one, and businesses that don’t adapt to it can be left behind and struggle to grow.
Facing challenges from supply chain disruption, changing customer demands, labor issues, industry regulations and more, digital transformation has become a necessity for companies aiming to stay competitive.
Companies across industries are looking to enhance their operations to increase their efficiency and competitiveness. Embracing new technologies through digital transformation is a critical tool for driving these businesses toward their goal.
While the term “digital transformation” has been around for decades, its adoption has been gradual; businesses have increasingly replaced manual tasks with automation and linked functions and devices into networks to foster collaboration and remain competitive.
The term “digital transformation” has been used for more than a decade to describe the process of using digital technologies to improve business performance. Today, companies are increasingly turning to digital transformation to maintain their competitive edge.
Over the past several years, the importance of supply chain resilience has been moved even more to the forefront. Even with the worst of the pandemic behind us, companies still face supply chain management challenges including shifting customer demands, natural disasters and political tensions. To hold on to their competitive advantage, more businesses turn to digital technologies to enhance supply chain resilience and provide the ability to quickly adapt to threats to the global supply chain.
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