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- A recent Deloitte survey of 600 executives at manufacturing and retail companies found that 63% were highly concerned about risks within the extended supply chain comprising vendors and customers, ranking it among their top-two concerns. The executives surveyed also cited “lack of acceptable cross-functional collaboration” as the number one obstacle to managing risk effectively. These survey results indicating a serious lack of collaboration and coordination among trading partners.
I believe that technology holds part of the answer. A many-to-many network would provide the kind of system coordination that “cross-functional collaboration” requires, curing the dysfunction that exists within today’s supply chains.
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