Solutions Lab
Supply Chain Optimization & Resilience
Solutions Lab
Supply Chain Optimization & Resilience
The Ever Given container ship blocking the Suez Canal in 2021 highlighted the importance of supply chain resilience. Retailers like Nike utilize blockchain technology to track and trace products from manufacturing to delivery, ensuring transparency and minimizing disruptions.
Advanced technologies like blockchain, IoT (Internet of Things), and AI-driven analytics are transforming supply chain management in retail. These technologies enhance visibility, traceability, and efficiency, enabling retailers to mitigate risks from disruptions and optimize inventory management.
Capsifi addresses this challenge by visualizing the supply chain as one of several value streams and pinpointing weaknesses in the operating model. By highlighting areas lacking resilience and defining those pain points, Capsifi provides the ability to determine and record ideas and strategies to address them. Proactively addressing supply chain resilience allows organizations to develop action plans and mitigation strategies to enhance supply chain confidence.
In addition, by aligning industry-accepted risk frameworks with supply chain value streams, Capsifi offers an additional perspective to identify and understand vulnerabilities and their potential impact if exploited.
Here’s some practical ways the Capsifi platform can address and resolve these industry-wide challenges: