Digital transformation has long been a focus in enterprise environments, but back-office functions such as the office of the CFO and supply chain management have historically been slow to adopt new technology. We saw the COVID-19 crisis shift priorities almost overnight. Supplier disruptions – combined with unpredictable and unprecedented changes in demand – have strained supply chains worldwide. Suddenly remote workforces have exposed the shortcomings of manual and paper-based processes. From planning and procurement, to execution and compliance, stakeholders across global supply chains demand deeper transparency to help drive efficiencies, mitigate risk and ensure compliance.
At Summit, we’ve worked with dozens of technology companies that are working to drive digital transformation across numerous sectors and functional areas. We believe these factors have converged as a “perfect storm,” dramatically accelerating long-standing structural shifts towards digital transformation across the supply chain. Below, we share our perspective on key drivers of and areas for growth as this transformation continues to unfold.