Estimated reading time: 5 minutes
Introduction to the IoT Supply Chain
Securing the supply chain has become a focal point for manufacturers. Ninety-three percent of manufacturers surveyed by McKinsey & Company will focus on supply chain resilience, especially in a crisis.
A critical influence was the COVID-19 pandemic. It caused disruption in the supply chain and left manufacturers at significant risk. This disruption exposed vulnerabilities for overseas suppliers. These vulnerabilities included increasing shipping costs and unexpected delays in single-source supply chains.