Leveraging Big Data to Accelerate Supply Chain Management in Covid-19

Abstract

Pre Covid 19 (CoV), supply chains over the globe were getting progressively mind boggling, on account of globalization and the ever-changing elements of supply and demand. During Covid-19, as a precautionary measure, governments all across world announced full lockdown. This lockdown during CoV, disrupted well established supply chains throughout the world, as movement of people was restricted, factories were shut down, transportation facility came to stand still. With unlock of manufacturing activities in many countries, the organizations are tackling the intensity of technology innovation, or all the more decisively: big data analytics, to acquire troublesome changes at all degrees of Supply Chain. In this context, big data allows vast amounts of organized and unstructured data from multiple sources to be seen rapidly. This will help improve perceptibility for the supply chain, and provide additional bits of information to the entire supply chain. Looking at the potential benefits of big data, the aim of this chapter is to discuss the numerous inefficiencies in the supply chain and their negative effect on the competitiveness of companies. The chapter then evaluates how Big Data advancements could positively impact the supply chain inefficiencies. It also discusses what challenges organizations have to face for implementing big data framework in their organization structure. In the last, it discusses the future prospects for Big Data in supply chain and how Big Data will impact the future of the industry workforce. The chapter takes into consideration the issues of global supply chain vis-à-vis the Indian Supply Chain Industry.