Future of Supply Chain and Solving it

The pandemic has re-emphasized the importance of working as efficiently as possible. To do so, companies have begun to use artificial intelligence, machine learning, and the Internet of Things to do all things supply chain related. Companies that have chosen to implement the technology are fairing better than those operating manually.

The supply chain continues to evolve rapidly, keeping pace with the breakneck technological advancements of the modern era. Though it can be difficult for supply chain managers and business leaders to stay on top of these changes, it’s crucial to do so if you want to maintain the integrity of your supply chain and see your business succeed. Rather than treading on the heels of change, your organization should try to get ahead of the trends that are shaping the future of supply chain management.

Statistically speaking, according to Interact Analysis, robotics alone was responsible for 32% of warehouse automation new product launches in 2021. Additionally, mobile robots used within warehouses are expected to account for more than 30% of overall warehouse automation equipment sales by 2030.

Undeniably, the pandemic disrupted the supply chain industry. However, the future remains promising, and technologies have been deployed to help combat this issue. Companies understand that now more than ever, action must be taken to solve the issues as they are not something that can be swept away.

An additional task is to properly promote the supply chain industry to those who want to enter the field. It is a complicated formula that has yet to be figured out.

The innovative minds behind the technologies will help combat the disruptions of natural disasters, ransomware attacks, and internet outages. These problems are real and to pair them with driver shortages seems even more challenging. However, despite all the tests the supply chain faces, innovative technologies will continue to create a better, more efficient future.

It takes time and organizational realignment to put these technologies into action, particularly when working with multiple warehouses or omnichannel selling — and yet, supply chains must continuously evolve if they wish to stay ahead of the competition.

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