In recent years, there has been a shift from a linear to an integrated model of supply chain management (SCM), where information flows both ways – also referred to as “Supply Chain 4.0”. SCM in many businesses today focuses on advanced planning processes such as integrated sales and operations planning, while operational logistics is often outsourced to third-party logistics (3PL) providers.
The latest trends in SCM also include the use of artificial intelligence (AI), internet of things (IoT), a growing emphasis on sustainability and mass customisation. According to our media partner, Parcel Monitor, approximately 25 per cent of supply chain decisions will likely be executed across intelligent edge environments by 2025, while around 75 per cent of large organisations are expected to integrate intralogistics smart robots into their warehouse services by 2026.
The bottom line is that digital transformation of the supply chain will empower enterprises to meet ever-evolving customer needs and tackle supply-side challenges and growing expectations for efficiency improvement. Check out the full article at Parcel Monitor to find out more!
Global supply chains today are exposed to significant vulnerabilities due to disruptions caused by the pandemic, along with ongoing geopolitical tensions around the world.
In light of this, it has become even more important for organisations to keep up with the latest industry trends and predictions for the future of supply chain management (SCM).
Learn all about it in @Parcel Monitor | E-Commerce Logistics Community.
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