Supply Chain Ecosystems: Building Trust to Realize the Potential of Interconnectedness
All ecosystems depend on trust. Trust is the key to unlocking the sharing of resources and, most especially, data. It creates the foundation upon which you can build as you address challenges and opportunities together. Our research showed that the level of trust that can be created and sustained between partners is the single highest correlation to the level of value that can come from all three ecosystem models described here.
[Enterprise: the enterprise is at the center, but recognizes partner interconnectedness and focus orchestration by setting standards and defining goals.; Platform: includes a technology platform or trade body to overcome wariness around data sharing amongst members.; and, finally, our Purpose-Centric Ecosytem: everyone has a shared purpose that provides the unifying center of gravity that guides all partners in common cause.]
We asked organizations to rate several criteria to show which were the most important in determining with whom to work and for those with many partners, “Partners we can trust,” was the #1 response, with 87% stating it was very or extremely important.
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