The X Future
Open Call for innovation
Published: Mon May 30 2022
Tools to enhance supply chain - traceability, prediction and compliance
Industry
Retail, e-commerce
+1
Function
Logistics and Supply
+1
Technology
IOT (Internet of Things)
+2
Problem Statement
Logistics is all about efficiency, but supply chains are growing ever more complex with some already spanning the entire globe. Corporates lack detailed insights of their manufacturers, suppliers, inventory, logistics, etc. Lack of this visibility continues to be a major bottleneck in the optimization of their supply chain operations which often leads to delays, errors, and increased costs. This impedes their planning efforts and makes it difficult to respond flexibly to an unexpected turn of events and scenarios. Corporates, these days, not only have to ensure a great customer experience but also ensure that the safety and quality guidelines are being adhered to. To ensure supply in an increasingly volatile business landscape, companies need more resilient networks. Fast-changing consumer preferences and customization require increased flexibility and speed. There is a rising need to instill corporates with end-to-end transparency data in hand so that they can make predictions, run scenarios, and dynamically optimize operations.
The X Future uses this open call to find proposals that address challenges faced by the company today. It
gives you the opportunity to present your solutions to our innovation team and internal
stakeholders.