The cloud also enables supply chain innovation. The major cloud providers invest billions of dollars in new features every year. This gives companies affordable, unrestricted access to cutting-edge technologies and capabilities. So, companies can connect data with a digital thread across the value chain. This digital thread enables new ways of working. It also provides continuous innovation for operating models, products and business outcomes. The proof: Cloud leaders in our research were more likely to say they’ve outperformed competitors in supply chain innovation.
Finally, the cloud helps drive responsibility and sustainability across supply networks. It helps companies use emerging technologies to reduce the supply network’s environmental footprint, improve resource efficiency, increase regulatory compliance and improve risk mitigation. With the cloud, companies can manage business performance and decisions based on a balanced view. They can consider growth, profitability, sustainability, and diversity at the same time.