-

Citi GPS - Supply Chain Technology to Drive Efficiency, Resilience and Transparency

LONDON--(BUSINESS WIRE)--Citi has published its latest Global Perspectives & Solutions (Citi GPS) report titled: SUPPLY CHAIN TECHNOLOGY - Improving Efficiency, Resilience, and Transparency. The report looks at how recent disruptions to global supply chains are driving firms to embrace digitalisation and technological innovations more broadly, across production and storage, delivery and recycling, and decision-making.

COVID-19 created a bullwhip like effect in global markets, leading to an examination of the supply chain management practices that prevailed before the pandemic. Whether global supply chain structures were robust, cost-effective, and reliable, and whether the demand for goods was relatively smooth and predictable have all be called into question.

Today’s report looks at some 20 different areas of supply chain technology across Production & Storage, Delivery & Recycling, Decision-Making and Digitalization and which are likely to enhance supply chain management practices. Some of these are technologies that are already used in practice, while others are more conceptual. All, however, hold the potential to help lead to a more stable global supply chains.

“With vulnerabilities in supply chains exposed by COVID-19 and geopolitical tensions, many firms are adjusting their operations, but we conclude many changes are still ahead” says Rob Garlick, Head of Innovation and Technology, Citi Global Insights, adding “New technologies in production to automate processes, novel transportation solutions, or the digitization of documentation and payments will all help keep supply chains running smoothly”.

Slowly disentangling supply chains may not be easy — complex and integrated ecosystems have developed with local ecosystems for raw materials, suppliers, and know-how matter and make production and supply chains sticky. Technological disruption, however, can act as a jolt to this dynamic.

About Citi Global Perspectives & Solutions (Citi GPS)

As our premier thought-leadership product, Citi Global Perspectives & Solutions (Citi GPS) is designed to help readers navigate the most demanding challenges and greatest opportunities of the 21st century. We access the best elements of our global conversation with senior Citi senior professionals, academics, and corporate leaders to anticipate themes and trends in today’s fast-changing and interconnected world.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

www.citigroup.com |Twitter: @Citi | www.youtube.com/citi | http://blog.citigroup.com | www.facebook.com/citi | www.linkedin.com/company/citi

Contacts

Citi, Securities Services: Richard Bicknell (richard.bicknell@citi.com)
Citi, GPS: Francesco Meucci (francesco.meucci@citi.com)

Industry:

Citi

NYSE:C
Release Versions
English

Contacts

Citi, Securities Services: Richard Bicknell (richard.bicknell@citi.com)
Citi, GPS: Francesco Meucci (francesco.meucci@citi.com)

More News From Citi

Citi advised StepStone Group on landmark $3.3 billion Structured Solutions Vehicle

LONDON--(BUSINESS WIRE)--Citi has advised StepStone Group, a leading global private markets investment firm, on the structuring and placement of the largest structured solutions vehicle of its kind to date, resulting in $3.3 billion in commitments to invest predominantly in private market secondaries. The vehicle enables institutional investors to access the firm's secondaries platform through a flexible and capital-efficient solution. Harsh Shah, Head of Private Capital Solutions at Citi, comm...

Citi Becomes Clearing Member of London Precious Metals Clearing Limited

LONDON--(BUSINESS WIRE)--Citi and the LPMCL today announce Citi's admission as a clearing member of London Precious Metals Clearing Limited (LPMCL), adding Loco London settlement services for gold, silver, platinum and palladium. The new offering marks a major expansion of Citi Commodities’ global precious metals business as it delivers a more comprehensive product suite to its global client base. “Citi’s admission as a clearing member of LPMCL represents a natural extension of our long‑standin...

Citi Issues Inaugural Digitally Native Structured Note on Euroclear's D-FMI DLT Platform

LUXEMBOURG--(BUSINESS WIRE)--Citi has issued its first digitally native structured note on Euroclear’s Digital Financial Market Infrastructure platform. This transaction marks a debut of a digitally native structured note being issued on Euroclear’s D-FMI and represents the first of its kind being offered within the wealth management industry. The digitally native structured note was issued under English Law. The issuer is Citigroup Global Markets Funding Luxembourg, reflecting Luxembourg’s sup...
Back to Newsroom