For commodity-intensive industries like agriculture, manufacturing, metals and mining and energy, the disruptions in the form of global events, pandemics and volatile markets exposed the interdependency of a vast network of stakeholders—and the risks inherent in those relationships. Legacy processes and technologies cannot provide the level of flexibility, continuity, and resiliency that these businesses need to drive performance.
In this paper, we assess the current challenges facing commodities and raw materials markets and propose four core principles that companies will need to adopt to transform legacy practices and accelerate digital transformation across their supplier ecosystem.
Learn what it takes to digitalize CTRM and thrive in a world of disruptions
- Connect and empower people across global networks
- Redesign processes to drive collaboration
- Support partners and suppliers in a shared ecosystem
- Adopt tools, technologies, and processes to manage risk, increase predictability, and drive value
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