What are the Future Technologies in the Supply Chain?
Next-gen technology is transforming supply chains, providing visibility and predictive insights to address challenges and capitalize on trends. Grocers plan to implement supply chain automation. Technology allows proactive issue prevention. However, supply chain planning leaders' digital transformation plans are lagging due to a lack of trust in new tools. Digital twins, AI, and IoT are revolutionizing supply chains. Digitization of consumer goods may lead to challenges in securing simpler chips. Some manufacturers are adding older-generation equipment to meet demand.
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Frequently Asked Questions
What are the Future Technologies in the Supply Chain?
Future technologies in the supply chain include:
1. Advances in data communication services
Technologies such as Wi-Fi, Bluetooth, and 5G will support edge ecosystems and complement traditional supply chain operations. Source
2. Innovation in supply chain technology tools
Examples of innovative supply chain technology tools include Oracle Demantra, SAP Integrated Business Planning, LivePlan, Logility Voyager Solutions, and Blue Yonder. Source
3. Automatic sorting and retrieval systems (AS/RS)
AS/RS technology enables automated sorting and retrieval of goods in warehouses, improving efficiency and reducing errors. Source
4. Sourcing software with market intelligence
Sourcing software integrated with market intelligence provides organizations with valuable insights into market trends and helps optimize procurement processes. Source
5. Blockchain technology
Blockchain technology enables secure and transparent transactions, improved traceability, and better collaboration across supply chain networks. Source
6. Artificial Intelligence (AI) and Machine Learning
AI and ML technologies can enhance supply chain planning, demand forecasting, warehouse management, and logistics optimization. Source
7. Internet of Things (IoT)
IoT technologies enable real-time tracking, monitoring, and connectivity of physical objects, enhancing visibility and efficiency in supply chain operations. Source
8. Indoor robotic transport
Robotic devices designed for indoor transport can automate material handling within warehouses, distribution centers, and manufacturing facilities. Source
These are just a few of the future technologies that are shaping the supply chain industry. The adoption of these technologies can improve efficiency, visibility, and collaboration throughout the supply chain network.