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How cloud optimises retail supply chain efficiency through networks - Express Computer

How cloud optimises retail supply chain efficiency through networks - Express Computer
By Santhosh Subramaniam, Associate Vice President & Head of Domain Consulting Group for Consumer, Retail and Logistics, Infosys The past few years – marked by the pandemic, Ukraine war, Red […]

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The importance of supply chain visibility and agility for retailers has been highlighted in recent years due to various global crises and the impact of the pandemic. According to Infosys's Cloud Radar CPG and Retail Industry Report, cloud technology is being used by retailers worldwide to collaborate in partner networks, with cloud technology expected to account for 8% of India's GDP by 2026. The Open Network for Digital Commerce (ONDC) initiative also promises to demonstrate the benefits of a collaborative network and ecosystem. Partner networks provide retailers with vast data, real-time updates, and the ability to team up with alternative suppliers to avoid disruptions. Cloud technology allows for efficient networking and collaboration, providing actionable insights, security, and cost efficiency for data storage. Leveraging cloud-based industry platforms can help retailers choose the right partners and build stronger businesses through collaboration.

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