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Parliament Shapes Digital Supply Chain Across UK & GermanyIndustry News
Legislation performs an important role by clarifying where the responsibility to ensure best practice lies. Whether we’re talking about the new GDPR legislation or the Modern Slavery Act, you'll find two commonalities -- disclosure and due diligence -- each requiring increased knowledge about the supply chain and the origin of products and services. Your company's procurement strategies must embed these new requirements and expectations by integrating due diligence measures at the core of the procurement process.
How today's parliamentary landscape is shaping digital supply chain across the UK and Germany
Businesses operating complex digital supply chains now face consequences beyond reputational damage. Technology has infiltrated every aspect of our consumer lives, so it follows that it is also causing a major shift in manufacturing and the supply chain. From the ‘smart factory’ or ‘digital twin,’ to the ‘smart home,’ cyber-physical systems are interacting seamlessly through the Internet of Things. Accelerated digital transformation is at the heart of the crystalising fourth industrial revolution, or popularly known as Industry 4.0, and the industrial sector is poised to benefit significantly from it.Read the article