How to Get More Value From Your Supply Chain

The video discusses the transformation of supply chains through digitization, highlighting the integration of technologies like big data, drones, and 3D printing. It features insights from industry leaders on the benefits and challenges of digital supply chains, including revenue growth and cost reduction. The discussion also covers the impact on the workforce, emphasizing skill shifts rather than job losses. Political and economic implications are explored, along with the skills needed for future CEOs. IBM's strategic moves in technology acquisition are also examined.

What is a key characteristic of a digital supply chain compared to a traditional one?

• It relies on manual data entry.

• It involves the movement of physical goods only.

• It focuses solely on reducing costs.

• It integrates end-to-end digital technologies.

Which of the following companies was mentioned as part of the research project on digital supply chains?

• Google

• Microsoft

• American Express

• Tesla

What is one of the four key areas companies need to focus on for successful supply chain digitization?

• Reducing marketing efforts

• Enhancing people resources

• Expanding office spaces

• Increasing physical inventory

How does the speaker suggest addressing concerns about job loss due to digitization?

• By outsourcing jobs

• By increasing manual labor

• By focusing on skill development

• By reducing the use of technology

What is a potential benefit of regional optimization in supply chains?

• Enhanced regional investment

• Reduced local job opportunities

• Decreased technological advancement

• Increased global shipping costs

What type of skills are emphasized as important for future CEOs in the context of supply chain expertise?

• Vertical skills

• Technical skills only

• Horizontal skills

• Financial skills only

What strategic approach is IBM taking in response to digital transformation?

• Eliminating digital initiatives

• Reducing research and development

• Focusing solely on organic growth

• Engaging in mergers and acquisitions