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RamBase December 14, 2021 2 min read

Until the next global crisis - Got a digital strategy for your company?

The media seems to be dominated by headlines about price spikes on commodities and consumer goods. Add the fact that inflation has been on a steady rise for the last 12 months and there are shortages of workers across industries. It’s not easy to manage your business at the moment. You can’t plan for all these global crises, but with the right strategy and digital systems, businesses can aim to manage the challenges with the right resources at their disposal.

There have been relatively low inflation rates in the past decades, but with the Covid 19-pandemic, this has changed. While trying to manage the higher cost of parts and commodities due to the rise in inflation, the world is also faced with a global logistics backlog. At the height of the pandemic in 2020, there was wide use of lockdowns in cities and countries around the globe. It halted production and caused a significant backlog for components and products.

 
Remain competitive - despite the challenges

Shortages in electrical components, lumber, and plastic packaging, are some parts that have had a real hard impact on multiple industries. And still, with new outbreaks of Covid, cities and essential shipping ports are going into new lockdowns, further affecting the global transportation network.

This has created supply chain bottlenecks for manufacturing companies because of the already higher costs of parts and raw materials. It’s not always possible to raise the prices of products or ship them later. 

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You'll end up losing customers to other competitors that can remain competitive and responsive to customer needs, despite all these obstacles.

And let’s not forget that with a shortage of workers across industries, it’s not ideal for manufacturing companies to operate at full speed.

 
The winners have already gone digital.

There are no quick fixes when it comes to solving all these problems. However, companies that had already invested in digital technologies across their operations seem to come out as the winners.

The effect of the pandemic, inflation, workers - and raw material shortages should all be a big wake-up call for those companies that have not yet started their Industry 4.0 journey. This is the time to evaluate your long-term, strategic investments in digital tools to ensure that your company can navigate the new global crisis that lies ahead.

 

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Meeting the challenges with a digital ERP Platform.

RamBase Cloud ERP is a digital platform solution that helps businesses within manufacturing and distribution gain control over their entire value chain, from sales to production to delivery. Founded in 1992, RamBase is a Norwegian-developed Software-as-a-Service system that was born in the cloud and is delivered by certified partners with extensive industry knowledge. Get 360-degree control by linking the value chain into one system that interacts, streamlines, and simplifies all your core processes. RamBase Cloud ERP is equipped with a rich set of APIs open for partners and customers to develop smart industry solutions - fit for your specific business need.

 

Ready to conquer the world with an

all-in-one system for Industry 4.0?

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