Supply Chain of Things: Challenges & Solutions
The Internet of Things, (IoT) can bring more complexity to the supply chain, but it can also bring greater visibility affecting the supply chain's operations in a positive way. The IoT will bring supply chains a $1.9 trillion boost.
- Fernandez observed how the electronics supply chain is undergoing some changes that affect digital trust:
- Emerging business models are changing the value chain: All the data collected is stored in the cloud and software is becoming the biggest investment.
- Connectivity: The IoT is taking a front seat. However, the connectivity that the IoT is bringing to all devices is making devices less secure.
- Hardware standardization is seen as a business enabler.
- Logistics: In terms of logistics, secured devices can't be stored in unsecured places.
- Traceability: With multi-location production and accessories partner with licensing, product pairing will become key for growth, but complex to control. In the sales channel, Web stores licensing, and all pervasive business models might bring complexity for the return of investment (ROI).
- Added value services will need higher level identification.
- Export control is becoming complex, and subject to governmental claim.
- Explosive growth, high density of startup companies, or newcomers to the hi-tech industry
- Analytics are more important than "things": Assess risk and secure data, and pay attention to Signal Chain (Trusted/Non trusted sites)
- Design ecosystem from sensors to servers: Control access, and manage IP and licensees network
- Many contenders, few winners: Assess risk, and be prepared to fail quickly