Procurement Magazine June 2024 | Page 107

seamlessly adapting to changes in consumer behaviour , evolving business models , and shifting economic landscapes .
“ Organisations that harness the power of information proliferation by effectively analysing big data through investments in processing power and early adoption of AI capabilities will gain a significant competitive edge .”
Sreedhar says : “ Solutions are now available that provide end-to-end visibility throughout the supply chain , help businesses navigate complex regulatory environments , and support efficient manufacturing while avoiding waste . “ From raw materials to final products on store shelves , businesses can track and trace their goods with precision and ensure they comply with environmental standards . In addition to supporting the reduction of waste and inefficiencies , this level of transparency ensures the authenticity and quality of products .
“ Carbon footprint is reduced through deployment of innovative technologies including advanced sensors , operational efficiencies , automation , digital traceability and product authentication .”
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