Brazil seeks digital solutions for fragile supply chains, says ISG
SÃO PAULO, BRAZIL — A host of new technologies are set to modernize fragile legacy supply chains in Brazil, transforming them into robust digital networks, according to a report by Information Services Group (ISG).
While supply chain vulnerabilities exposed by COVID-19 persist, appropriate implementation of technologies like the Internet of Things (IoT), blockchain, 3D printing, and artificial intelligence (AI) can help overcome challenges exacerbated by current economic and geopolitical tensions.
“Digital transformation has become imperative,” says Bob Krohn, ISG partner. “Information technology companies specializing in supply chain in Brazil have played a crucial role in improving supply chain operations throughout various industries.”
Dramatic supply chain tech advancements have intensified competitiveness. Digitally native firms are partnering with enterprises to develop innovative solutions, later released to other companies and economic sectors, ISG reports.
Of all emerging tech, AI holds the greatest supply chain impact. With vast internal and external datasets powering new correlations and insights via machine learning, AI symbiosis with humans can optimize planning.
“The potential applications of AI in supply chains are enormous,” says Jan Erik Aase, ISG global leader.
Brazilian retail firms are also utilizing blockchain for food traceability, while the technology’s transparency could aid supply chain efficiency, sustainability, and compliance.
With Brazil’s overall blockchain innovation leadership in Latin America, ISG’s report sees immense opportunity for further transformation through digital innovations.
