Exchange of information in the digital Economy

Exchange of information in the Digital Economy
The exchange of information is a key condition for supply chain collaboration which will lead to supply chain resiliency. However, the rules of collaboration are currently being rewritten with the emergence of the digital economy. According to Oxford Economics, the current economic conditions are fostering investment technology as emerging markets ramp up their demand for technology to fuel growth and advanced markets seek new ways to cut costs and drive innovation. 
The digital economy has impacted supply chains and how they can collaborate. The internet has transformed many aspects of the global marketplace, from consumer behavior to new business models. Mobility, cloud computing, business intelligence, and social media underpin how the internet has changed our world. Logistics systems including warehouse management systems and transportation management systems are an example of a business model where an online platform acts as the coordinate of supply and demand information. This enables an improved means of resource utilization and reduces underutilization of transport. Logistics platforms are warehouse management systems and transportation management systems that support impact more target users and improve utilization of resources.
Industries are undergoing digital transformation. While new firms can embrace the digital marketplace straight away,  established firms will need to transform how they sell,  price,  produce and deliver products and services.  Real-time business intelligence and predictive analysis are required not only for faster decision-making but to cope with unexpected market risks and opportunities. The severity of supply chain disruption can be mitigated through warning capabilities and recovery capabilities. Supply chain collaboration serves as a form of environmental scanning that enables organizations to detect pending or realize description threats. The parties of the silo supply chain in collaborative relationships must demonstrate a willingness to share sensitive information related to risk and use collaborative predict analysis.
Firms need reorganization and restructure via digital transformation in the digital economy. To operate on the global digital playing field, where new rivals are unencumbered by rigid policies and thinking, firms are moving away from strict hierarchical decision making and closer to a network structure. 
Incentive alignment in the digital economy
  1. Focus on outcomes, not transactions.
  2. Focus on the “What, not the “How”
  3. Agree on clearly defined and measurable outcomes
  4. Optimize pricing model incentives for cost/service trade-offs
  5. Insight, not overt of governance structure.
Based on their development market. The feature warehouse management system and transportation management system to:
  • Handle a very high-volume, diverse order fulfillment environment 
  • Streamline and accelerate the picking process
  • Provide flexible product and shipment tracking capabilities 
  • Provide sophisticated least cost routing for small parcel and LTL shipments 
  • Accelerate shipment processing speeds for both domestic and export shipments 
  • Automatically capture all order handling and shipping details for billing 
Collaboration in supply chain management a resilience perspective