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The Future of the Supply Chain: Emerging Trends and Innovations Featured

Supply chain and logistics is an important part of any modern business. With the constant evolution of this industry, new technologies and innovations are emerging faster than ever. As such, businesses must stay ahead of the curve to remain competitive. In this article, we look at a few of the most exciting trends and innovations that are likely to shape the supply chain, now and in the future.

  1. More than 75% of companies will use smart robots in their warehouse operations

The use of robots in warehouses is nothing new. However, the next generation of smarter and more capable robots is emerging faster than ever. These "smart robots" can work alongside human workers, increasing efficiency and productivity. They can also reduce the need for human labor. A report by MarketsandMarkets posits that more than 75% of companies will be using smart robots in their warehouse operations by 2025.

  1. There will be increased adoption of Artificial intelligence and machine learning

Artificial intelligence (AI) and machine learning (ML) are true game changers. They are already being used to optimize supply chain processes and operations in different companies. This two help in areas such as demand forecasting and inventory management. Furthermore, these technologies can also be used for predictive maintenance, reducing the need for unplanned downtime and increasing efficiency. As these technologies continue to evolve, more and more organizations will likely adopt them to advance their supply chain operations.

  1. By 2025, 25% of supply chain decisions will be made within intelligent edge ecosystems

The "intelligent edge" is a term often used to describe the network of devices and sensors that collect and analyze data in real-time. As more and more devices become connected to the internet, it is becoming easier to collect and analyze data from them in real-time. This means that companies will be able to make more informed decisions faster. According to a report by IDC, by 2025, 25% of supply chain decisions will be made within intelligent edge ecosystems.

  1. Internet of Things (IoT) devices will be used for quicker tracking and decision-making

The Internet of Things (IoT) is another area that is fast gaining acceptance across industries. It refers to the network of devices that are connected to the internet. These devices can provide real-time data on the location and condition of goods. The data allow for more accurate tracking and quicker decision-making. As more and more devices become connected to the internet, IoT will likely become increasingly important in the supply chain industry.

  1. Drones and autonomous vehicles will be used to deliver products

Drones and autonomous vehicles are key talking points for professionals. This is because they have the potential to revolutionize the way goods are delivered. Drones, for instance, can be used to do tasks like package delivery, while autonomous vehicles can be used in things like inventory management. These two can increase efficiency and reduce the need for human labor, thus resulting in cost savings for companies. As these technologies continue to evolve and mature, more and more supply chain firms will likely adopt them in their operations.

From the above information, it is clear that the future of the supply chain is being defined by various emerging and existing technologies that increase efficiency and significantly cut costs and the need for human labor. As such, the successful adoption of these new technologies by any company is good for competitiveness in the marketplace. It also results in proper cost-cutting and efficiency in operations, things that most companies are looking to achieve.

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Scott Koegler

Scott Koegler is Executive Editor for PMG360. He is a technology writer and editor with 20+ years experience delivering high value content to readers and publishers. 

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