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Unpacking Supply Chain Visibility through Automated Logistics Systems
Sun Online Desk
8th May, 2021 08:06:38
Evergreen’s cargo ship “Ever Given” got stuck at the Suez Canal, thereby creating a blockade which withheld global trade worth around USD 9 billion which could potentially reduce annual trade growth by 0.2 to 0.4 percentage points. This incident has not only proved that efficient logistics plays a pivotal role in running the global economy but also brought to light the importance of high visibility in the supply chain.
What is supply chain visibility?
In the context of logistics, visibility refers to the act of being able to see detailed information on different processes within a supply chain. The main objective of supply chain visibility is to improve the availability of data to all stakeholders involved. This ultimately helps strengthen and improve the supply chain by removing information asymmetry as transparency makes it easier to analyze and improve processe