Sustainability and resiliency: key drivers through technology.

In this article in Econopoly, Christian Klein, CEO & Member of the SAP Executive Board, discusses the indispensable role of technology in combating change. We summarise what the author believes are the main challenges.

Business models: from analog to smart organizations.
Faced with sharp fluctuations in supply and demand, dynamic purchasing behaviour and growing pressure to be more innovative, companies must overcome process fragmentation.

Digitalisation is essential to the survival of an organisation.
Digitization and automation of key end-to-end processes are not only a competitive advantage, they are also vital to an organization’s survival. It’s about giving people the freedom to do what they do best: show creativity.

Supply Chain: from linear connectivity to transparent commercial networks.
Globalization has increased the complexity and vulnerability of supply chains. Supply chain resilience has become a priority and technology has become a contributing factor.

Supply chains and resilient.
The future belongs to organizations that are able to operate in a cost-effective, resilient and sustainable way with their ecosystem. This is one of the most important prerequisites to resolving global challenges.

Sustainability: from key branding to social and economic imperatives.
The recent World Meteorological Organisation (WMO) report shows that the last eight years have been the warmest on record. Sea level rise has doubled since 1993 and the increase over the last two and a half years represents 10% of the total increase since 1983.

Sustainability is the North Star for every company.
Investor focus on global challenges such as climate change, pollution and inequality has grown, as has consumer demand. Employees make career choices based on the sustainable development commitments and achievements of the organization, while governments enact new regulations.

Sustainability, measurement of ESG impact.
Collaboration and networks are key to addressing global challenges. In a business network, companies can measure the environmental, social and corporate governance (ESG) impact not only within their organization, but across the entire value chain.

ESG #Supplychain #digitalization #sustainability networks