The Covid-19 pandemic quickly proved how unprepared the supply chain was for a global business disruption.
The scale of disruption is staggering — 94% of Fortune 1000 companies have seen supply chain challenges, and a recent survey showed only 10% of supply chains felt completely prepared to handle the disruption. Even shortages of basics like toilet paper are a comical example of a supply chain losing pace with unpredictable public demand during an emergency.
However, we shouldn’t let the disruption overshadow the progress that was quietly being made within the supply chain in the form of IIoT (Industrial Internet of Things). Before the pandemic, more than 5.8 billion endpoints were predicted to make up the intelligent IIoT ecosystem by the end of 2020.
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