How manufacturing is evolving to tackle supply chain challenges

by Leigh Mc Gowran, SiliconRepublic

Deloitte’s Paul Wellener discusses the drive among manufacturers to become more resilient through digital transformation and their concerns around cybersecurity.

The manufacturing industry and global supply chains have been forced to adapt to dramatic disruptions in recent years.

While recovering from the impact of the Covid-19 pandemic, supply chains are now being hit by rising inflation, material shortages and rising energy costs. These challenges have been exacerbated by Russia’s invasion of Ukraine.

Supply chain disruptions could lead to a loss of up to €920bn across the Eurozone next year, according to an Accenture report in May, which would be nearly 8pc of the Eurozone’s projected GDP for 2023.

As a result, more manufacturing players are looking to technology to reduce their operating costs and help them respond better to supply chain challenges. More than half of Irish firms recently surveyed by Accenture said they plan to invest in technology over the coming year to try reduce their operating expenses.

Paul Wellener is a vice-chair of Deloitte and the leader of Deloitte Consulting’s US industrial

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