In 2019 new trends in the supply chain started to emerge, rising to the extent where supply chain companies are starting with the re-evaluation of their business strategies as the sector of the supply chain is evolving, changing and progressing. A part of these changes is connected to new technological trends, external pressures, and internal evolution. Here are 4 rising trends in the supply chain that are beginning to unravel in 2020.
Table of Contents
Technological Advancement in Supply Chain
The supply chain should become improved in terms of technological advancement and evolution as there are more than several emerging trends in the tech sector, complementing supply chain and more different sectors, Tech novelties such as AI, drones, machine learning, and automation, should help transform the supply chain and make it more efficient and less prone to faulty and delays.
Organization and Visibility in Supply Chain
Big Data, access to transparent data and the Internet of Things should help supply chain in terms of organization and visibility of operations within the sector. Moreover, the ability to follow up with the supply chain in real-time should help with efficiently resolving issues and problems in the network, while transparent data should provide crucial information for the prevention of these issues.
Supply Chain and the Sharing Economy
Industries that are evolving on a rapid stance, asking for on-demand operations in the supply chain such as warehousing and logistic. These aspects should allow supply chain networks to conduct their operations more efficiently and effectively.
Direct Deliveries
More networks are beginning to deliver their products through supply chain directly to customers instead of traditionally known supply-chain-to-retail, retail-to-customer deliveries. That means that customer chains are evolving, demanding for different models of delivering products. By 2025, this model of delivering and operating supply chains should bring 130 billion dollars to the global economy. By far, more than 40% of brands are making deliveries directly to customers.
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