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Industry Transformation: Advanced Manufacturing and Digitalisation of Supply Chain-Logistics

The Logistics & Supply Chain Management Society

2.1 With Government’s strong exhortations and encouragement ,the pandemic obliged many business sectors and SMEs to innovate and accelerate their respective Transformation Road Maps particularly digitizing and digitalisation of their business models. ADVANCED MANUFACTURING AND DIGITALISATION OF BUSINESSES AND INDUSTRY.

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Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part Four

Supply Chain Matters

According to reporting by Bloomberg , venture capitalists and private equity investors have been funding existing logistics technology providers and start-ups at the rate of $9 billion per quarter since late 2020. Significant industry capacity supply and demand imbalance, similar to what occurred in 2008 and 2009 global recession.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

In Fortune 500 earnings calls for Q3 of 2021, “supply chain” mentions were up 412% from Q3 in 2020. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). higher than 2020. As of 2020, only 12% of semiconductor chips were made in the United States. (