The latter requires good, secure, and, depending on the use case, real-time integration as well as constant synchronization. As a result, all participants can access the necessary data and share their own data.
All prerequisites — data strategy, central data platform, single source of truth, and integration interfaces — should be created equally by all companies in the value chain. Only then, through interconnectedness, will companies realize the full benefits.
Agility and New Business with Multi-Enterprise Networks and Cross-Sector Industry Ecosystems
Future businesses will become more agile to increase their resilience to negative influences. This will happen through "multi-enterprise networks" — supply chain networks that replace straightforward value chains with a network of variable partners to increase agility in procurement and processing and reduce their dependence on single suppliers and producers.
In these networks, the lowest price doesn't necessarily win; the key to success is to offer reliability, punctuality, and good quality. Producers benefit from this because it avoids "single points of failure." Suppliers and service providers benefit because they no longer have to act solely on the basis of cost pressure. At the same time, the networks can minimize risk, reduce costs, and tackle sustainability, for example by complying with the new German Supply Chain Act (Lieferkettengesetz, LkSG).