PwC: supply chain strategies

By Sean Galea-Pace
PricewaterhouseCoopers (PwC) is one of the largest professional services companies worldwide. Considered one of the “Big Four” auditors worldwide a...

PricewaterhouseCoopers (PwC) is one of the largest professional services companies worldwide.

Considered one of the “Big Four” auditors worldwide along with Deloitte, EY and KPMG, the firm strives to build trust in society and solve important problems. PwC’s strategy is built around five key factors: be technology enabled, deliver exceptional value to clients, empower people, lead by example and invest in sustainable growth.

As a leading consulting company, PwC offers expert advice for supply chain businesses seeking efficient ways to reduce costs. With technology shaking up how many in the supply chain space operates, the necessity to evolve is paramount and it means organisations like PwC are busier than ever. To accommodate this, PwC has created a global insight and analytics platform to help accelerate clients’ digital supply chain journey. PwC takes an agnostic and holistic approach to technology, helping organisations to choose and embed the optimal solution to suit their needs and accelerate productivity in their operations. 

PWC’s “Essential Eight” technologies that matter most to businesses

  • Artificial intelligence (AI)

  • Augmented reality (AR)

  • Blockchain

  • Drones

  • Internet of Things (IoT)

  • Robotics

  • Virtual reality

  • 3D printing

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Following research by the company in its 2019 IoT survey, it was found that most businesses expect incremental gains, not radical change from IoT. 93% of executives believe IoT’s benefits outweigh its risks, 70% have IoT projects that are live or in development, 59% are using IoT to achieve internal efficiencies with 58% reporting that IoT has increased trust with customers. The survey went on to reveal that 48% admitted cybersecurity issues, with 46% having privacy concerns and 45% seeing uncertain regulatory environment slow their IoT progress.

PwC helps businesses to manage its spend and achieve 12% in typical savings. This is primarily split into the following areas:

  • Property and stores

  • Head office

  • Marketing

  • IT/ Digital

  • Logistics

 

For more information on all topics for Procurement, Supply Chain & Logistics - please take a look at the latest edition of Supply Chain Digital magazine

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