Digital twins for supply chain risk management amid COVID-19 pandemic

Abstract

Digital twins for supply chain risk management amid COVID-19 pandemic

Cherepovskaya Yu.A.

Incoming article date: 19.06.2021

As technology advances, supply chains have become complex and dynamic, and it has never been more important to adopt flexible and innovative approaches to managing them as in the heightened risk of the COVID-19 pandemic. The availability of data in real time, competent and timely planning, the ability to adapt to constantly changing market conditions have become more important competitive advantages than ever. Digital twins are a technological framework that focuses on digitalizing supply chains and presenting analytical capabilities to identify risks, predict them in a digital model for rapid response in the real world.

Keywords: supply chains, risk management, digital twins, logistics, trucking, modeling