Over the past few years, the global appetite for electric vehicles (EVs) has been rising. However, the question that persists is the viability of EV batteries, mainly in the supply chain sector. As the talk about climate change and environmental conservation increases, demand might also rise so fast in the near future, and the supply chain might have difficulty coping with such a huge demand.

Supply chain and Logistics have gone through many changes in the last decade. Thanks to the rise of various innovative technologies such as machine learning, artificial intelligence and neural networks, processes have now been streamlined, and providers have managed to bring down the cost of operations. In the face of globalization, increased product complexity and rising customer demand, companies are capitalizing on technology to transform their supply chain operations through innovation and efficiency in service delivery. Here are some technologies that make a difference in operating your supply chain.

The supply chain is an important part of any business and the overall organizational strategy. It helps you save money and improve customer satisfaction by reducing waiting times for the in-demand products. Therefore, an efficient supply chain gives you a real competitive edge against other companies in your industry. On the flip side, an ineffective supply chain can consume many resources in your organization. Therefore, it is important to strategically plan to make your supply chain cost-effective, lean, and efficient. Update your supply chain initiatives with these five ideas to serve your business right.