Remedi’s client, a global leader in infrastructure solutions for communications networks, acquired a division of another global organization. The acquisition tripled their existing trading partner relationships overnight from 70 to more than 225, and the acquired company was growing rapidly.
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COVID-19 has changed the way B2B companies work, potentially forever. The workforce is now remote and distributed. Consequently, many firms have been forced to embrace digitization much earlier than they were planning to (if they were planning to at all). Also, these businesses find themselves having to accelerate their digital maturity levels (again, either faster than they had planned, or without having given much thought to the topic at all).
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*This blog was updated on 2/9/2022
Recent supply chain disruptions have made the business landscape increasingly insistent on proper trading relationships. Consequently, many enterprises are exploring technological solutions to streamline communication with customers and suppliers.
Consistent and reliable B2B connections have significant potential benefits. For example, McKinsey & Company estimates that companies can increase annual revenue and growth by 2.3% and 3.2%, respectively, by digitizing B2B communications.
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If you’re progressing along the digital maturity spectrum, now might be the time to consider a comprehensive B2B integration suite. What goes into this decision, and why would it be the right choice for your firm?
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Here’s a question for you: how long does it take for you to onboard your supply chain partners? Moreover, is that speed acceptable to you—are you experiencing costly disruptions because the process is taking too long?
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