How AI, Machine Learning and Automation Will Impact Business in 2018 and Beyond!

Supply Chain Game Changer

In this article, we’ll explore these technology trends and how they will impact business in 2018 and beyond. billion by 2022! Hot tip: Starting to run your analysis now and developing strong personas will be key to implementing AI algorithms to your social media in 2018 and beyond.

The Current WMS Market Gets More Focus by Supply Chain Execs: Here’s Why

Cerasis

By some estimates, reports Allied Market Research , the warehouse management system market will swell to more than $3 billion by 2022, and adoption of WMS systems is expected to continue with the IoT-based value in the WMS market to surpass 19 billion by 2025, says Grand View Research.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. from the global economy by 2022. Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supply chain. Current Supply Chains don’t operate at the cadence of business. Integrating Blockchain within the Supply Chain could change that.

Yowza! A Nine-Step Decision Process to Help Guide Supply Chain Planning Selection

Supply Chain Shaman

The choices in 2022 will be radically different from 2018. Yowza: Excitement or approval. Get a cup of coffee. This is a long post. <Bear

Trends 2019: Business Technology

Enterra Insights

Gartner predicts that by 2022, at least 40 percent of new application development projects will have AI co-developers on the team.”[4] Gartner predicts that by 2022, 70 percent of enterprises will be experimenting with immersive technologies for consumer and enterprise use, and 25 percent will be deployed for production. 1] David Weldon, “ 10 top technology trends to watch in 2019 ,” Information Management , 12 October 2018. [2]

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Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022.

The Counterfeit Economy

Elementum

In total, this black market is expected to represent $991 billion of the global economy by 2022. Product counterfeiting and piracy are pervasive across almost all countries and industries.

Security: A Big Challenge for the Internet of Things

Enterra Insights

Edwin Lopez ( @EdwinLopezT37 ) and Jennifer McKevitt ( @mckvt ) report a study by Mobile Experts concludes, “High demand could lead Internet of Things makers to triple production by 2022, shipping $70 million worth of devices in the next five years compared to $22 million today.”[2] 2] Edwin Lopez and Jennifer McKevitt, “ Report: IoT tech may triple in use by 2022 ,” Supply Chain Dive , 9 August 2017. [3]

How fast will Blockchain Mature in the Supply Chain?

Enterra Insights

billion by 2022, increasing at a compound annual growth rate (CAGR) of 79.6 Bowman, “ Blockchain’s Coming to the Supply Chain – Eventually ,” SupplyChainBrain , 4 June 2018. [2] 2] Mahesh Sashital, “ Blockchain For Supply Chain: A Holistic View ,” Smartereum, 15 May 2018. [3] 3] Jocelyn Aspa, “ Blockchain Technology Stocks ,” Investing News , 22 May 2018. [4] 28 May 2018. [6]

Can You Talk to Your Supply Chain?

Supply Chain @ MIT

Sales through voice-enabled digital assistants such as Amazon’s Alexa and Google Home are projected to skyrocket from $2 billion in 2017 to $40 billion in 2022.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

Volkswagen recently announced plans to invest €34 billion ($42 billion) in battery-powered cars by 2022. In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply. Ten years later, that number has more than doubled. It’s expected that market demand for the metal will increase to more than 120,000 tonnes per year by 2020 — 60% of which will account for battery production alone.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

Volkswagen recently announced plans to invest €34 billion ($42 billion) in battery-powered cars by 2022. In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply. Ten years later, that number has more than doubled.

The Internet of Things is over 30 Years Old and still in Its Infancy

Enterra Insights

The far-reaching benefits of IoT are matched by the rate of investment in the technology: The manufacturing sector is expected to spend more than any other industry — $189 billion in 2018 alone.”[3] “Currently,” he writes, “there are approximately 10 billion connected devices, with the number reaching 20 billion in 2020, 29 billion to 42 billion in 2022, and 75 billion in 2025. How can something over 30 years old still be considered in its infancy?

Your Guide to Multichannel Selling

Unleashed

In 2022, the augmented and virtual reality market is expected to be worth US$ 209.2 What is multichannel selling? Multichannel selling allows customers to shop and purchase through whichever channel they prefer.

The Counterfeit Economy

Elementum

In total, this black market is expected to represent $991 billion of the global economy by 2022. Product counterfeiting and piracy are pervasive across almost all countries and industries. In an online study covering 10 countries, 34% of respondents said they believe it’s a brand’s responsibility to protect them from counterfeits. Similarly, almost four out of 10 consumers who unwittingly bought fakes complained directly to the brand.

5 Disruptions Shaping the Digital Transformation in Distribution and Logistics

Supply Chain Nation

Macpherson predicted that the figure will easily be 80 percent by 2022. Manufacturing and retail transformations, technology disruptions and digitalization of data have redefined the roles of distributors and third party logistics (3PLs).

The New Solar Tariff Promises Big Changes in Clean Energy Manufacturing

Elementum

GTM research estimated last summer that tariffs would lead to a 61 percent decline in installations through 2022; they’ve now stepped that figure down to 11 percent. Last month, Donald Trump followed up on his campaign promise of protecting American businesses by imposing a 30 percent tariff on foreign solar panels and cells, beginning next year.

Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

With the rapid spread digitization of business process functions, these experts predict that by 2022, 50 percent of all organizations will have acquired at least one procurement software application. Why You Should Consider Freight Procurement Sourcing Solution. Procuring raw materials or finished goods is one thing, but the processing of moving those goods from one place to another brings its own set of challenges.

The Current WMS Market Gets More Focus by Supply Chain Execs: Here’s Why

Veridian Solutions

By some estimates, reports Allied Market Research , the warehouse management system market will swell to more than $3 billion by 2022, and adoption of WMS systems is expected to continue with the IoT-based value in the WMS market to surpass 19 billion by 2025, says Grand View Research. The current warehouse management system ( WMS ) market is expanding at an amazing rate, with a compound annual growth rate (CAGR) of 15.2 percent.

Vacancies for US Industrial Space Lowest Since 2000

EFT

Online purchases are predicted to reach $638 billion by 2022. Vacancies in the US industrial sector, which includes warehouses, distribution centres and other facilities, dropped by 10 basis points (bps) to 7.2

3 Reasons Why the Pharma Supply Chain is Ripe for Digital Transformation

Aera Technology

percent CAGR through 2022. For 2018 and beyond, the pharma supply chain will need to venture into the world of digital transformation.

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What’s led to the tight freight capacity in 2018?

CH Robinson Transportfolio

It’s no secret that freight capacity is tight in 2018. According to the Commercial Carrier Journal (CCJ) Economic Outlook 2018 survey , driver availability was the top concern amongst all respondents, for-hire carriers and private fleets, with regulation being their second concern.

Our take on Gartner’s 2018 predictions for procurement and sourcing technology

Xeeva

The first prediction Gartner makes in the report is that “By 2022, 50% of all legacy spend analysis software will be retired; replaced by artificial intelligence (AI)-powered, cloud-based solutions.” Another prediction Gartner makes is that “By 2022, 75% of all B2B tail spend goods will be purchased in an online marketplace.” If you have a Gartner account, read the rest of their predictions for 2018 here.

Thailand Ecommerce Logistics for ASEAN Enterprises: Should You Go Local?

Logistics Bureau

Statistic: By 2022, Thailand’s ecommerce market is expected to be worth around $5.8 The ecommerce market in Thailand has never been healthier and all the signs indicate huge potential for growth in the next few years. With the Thai government’s Thailand 4.0

Amazon’s Mexican Aspirations

Logistics Trends and Insights

of total sales in 2017 but it’s projected to more than double by 2022, reaching $14 billion.

Celebrities and STEM Education

Enterra Insights

… Although the school is currently open only to third- and fourth-grade students, classes will expand from first to eighth grade by 2022.”[3] 3] Ursula Perano and Nadeem Muaddi, “ Lebron James opens elementary school, guarantees college tuition to graduates ,” CNN, 4 August 2018. [4] 4] Jason Gay, “ The LeBron James Interview About Bicycles ,” The Wall Street Journal , 6 August 2018. [5]

How Will Smart Cities be Financed?

Enterra Insights

Pedro Hernandez ( @ecoINSITE ), reports an ABI Research study commissioned by Chordant in partnership with CA Technologies concludes, “Worldwide, smart city technologies can end up saving governments, businesses and inhabitants more than $5 trillion each year by 2022. billion a year by 2022, thanks to smart buildings, low-maintenance street lighting and other efficiency-boosting systems. ” Youris.com , 24 April 2018

STEM for Christmas

Enterra Insights

Bureau of Labor Statistics shows that occupations related to STEM are projected to grow 13 percent by 2022 — faster than projections for all other occupations over the same time.”[1] 1] Brandpoint, “ Fun and accessible STEM resources for kids ,” Eagle & Times , 9 October 2018. [2] 2] Julie Ryan Evans, “ The 7 Best STEM Toys to Buy in 2018 ,” The Spruce , 13 November 2018. [3] Wonder Lab Holiday Toy ,” I4U News, 7 November 2018.

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Advanced Analytics and the Future of Business

Enterra Insights

trillion in business value in 2018 — a striking 70 percent increase over last year. According to Gartner, the number could swell to close to $4 trillion by 2022.” 2] Erik Peterson, “ Many firms need more evidence of full benefits of artificial intelligence ,” Information Management , 13 November 2018. [3] 4] David Weldon, “ AI may hold the key to success with predictive analytics ,” Information Management , 14 February 2018. [5]

The Digital Path to Purchase is often the Mobile Path to Purchase

Enterra Insights

online retail sales will exceed $506 billion this year and by 2022, will surpass $712 billion. retail sales will be impacted by smartphones in 2018.” 2] Periscope By McKinsey, “ Online Purchases in CPG are Trending Up, Consumer Survey Shows ,” Cision PR Newswire , 11 April 2018. [3] 3] Daphne Howland, “ More than half of retail sales are influenced by digital ,” Retail Dive , 2 April 2018. [4]

How Tax Reform Affects Owner-Operators

DAT Solutions

However, beginning in 2018, 100% of the purchase will be automatically depreciated during the year the equipment was put into service. After 2022, the amount of bonus depreciation will begin to be phased out with 80% in 2023, 60% in 2024, 40% in 2025, and 20% in 2026.

Ivalua and Axbility Consulting partner to help companies create value through successful procurement transformation

ivalua

is the Axys Consultants subsidiary created in 2018 for the North American market. Axbility also has an office in Montreal and plans to achieve a turnover of five million euros in 2022. Axbility Consulting, a subsidiary of Ivalua European partner Axys Consultants, reinforces Ivalua’s capabilities to empower today’s Procurement & Supply Chain Leaders.

Main Street Heroes: Five Retail Tech Trends To Watch

Repl Group

A report from OC&C Strategy Consultants revealed that by 2022, consumers are expected to spend £3.5bn on shopping via voice-activated devices. The reinvention of in-store retail is underway. To stay competitive on the cut-throat high street, there’s no room for complacency.

Small Manufacturers Play Critical Role in Securing the Supply Chain

Material Handling & Logistics

The survey was conducted by ISACA and the Digital Manufacturing and Design Innovation Institute (DMDII) in August 2018, captured responses from 167 participants from across ISACA, DMDII and Manufacturing Extension Partnership stakeholders. million worker shortage is anticipated by 2022.

The Trailblazing Tech You Need this Holiday Season

Repl Group

While signs of this transformation have become increasingly evident, Progressive Grocer has heralded 2018 as “the year of disruption”.Walmart By 2022, they’re on track to be the third largest US grocers by store numbers. As a player in a $641 billion industry undergoing radical change, you’ll recognize the growing importance of the upcoming holiday season.

Supply Chain Digitization Efforts are in Full Swing

Enterra Insights

According to the International Data Corporation (IDC), “Digital transformation spending is to reach almost US$2trn by 2022, growing at a compound annual growth rate (CAGR) of 16.7%. 1] Sophie Chapman, “ Supply chain operations to dominate digital transformation’s $2trn spending by 2022 ,” Supply Chain Digital , 15 November 2018. [2] 3] Staff, “ Solving the Problem of ‘Too Much Data’ ,” Supply Chain Brain , 6 February 2018. [4]

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Top 5 coffee roaster manufacturers

Exapro Hub

According to a report published on 29th May 2018 by Research Report Insights, the coffee market revenue is expected to surpass US$ 34 Bn by 2022. SCI) (manufacturer of precision vacuum components) has recently joined the Bühler Group in June 2018.