Digital Ecosystem in Logistics and Supply Chain

An ecosystem represents a dynamic and interconnected environment where all users collaborate and create value within the supply chain. By leveraging collective resources and innovation, ecosystems have the potential to drive business growth and enhance efficiency for all participants involved. Key aspects of an ecosystem consist of interdependence among business operators, value creation through collaboration and innovation, governance to protect the interests of participants, and knowledge sharing to foster exchange of ideas and best practices. Digitalization in supply chain aims to use digital technologies to improve business operations and create new value for business operators in the supply chain. Digitalization encompasses conversing data into digital formats that can be processed and manipulated, storing data in data repository and retrieval of information, and transmitting and sharing data over digital networks. Digitalization facilitates the integration of silo systems and platforms enabling seamless connectivity and interoperability. Digitalization in supply chain enables seamless collaboration for greater visibility across the globe to support suppliers to improve their processes and enhance transparency and traceability, manufacturers to improve production planning and optimize operations, logistics service providers to enhance operational efficiency and improve customer service, traders to use e-commerce platforms and data analytics to gain insights into consumer behaviour, and regulatory bodies to develop standards and guidelines and incentives to encourage the adoption of digital technologies in supply chain operations.