Digital Supply Chain Predictions!

Supply Chain Game Changer

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2020 Challenges and Solutions for HVAC Distributors

EazyStock

New energy efficiency regulations and standards are set for 2023 regarding certain HVAC systems, making it past time for distributors to start sourcing suppliers and diversifying their product portfolios for the products they’ll need in order to keep up with a new demand. With an ever-expanding market and continuous industry updates, HVAC distributors already have a lot to keep track of without trying to manually keep track of their inventory. Complete Inventory Overview.

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Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8 Inventory Management.

Trends and Predictions 2020: Supply Chain

Enterra Insights

Supply chains will be able to procure, source, manufacture and handle logistics across a broad array of players including small to medium businesses. Intelligent order management: Supply chains will orchestrate the perfect order and master inventory visibility. … Supply chains of the future will enable an intelligent order management system — working on your behalf, across multiple partners — to orchestrate demands in real time from source to delivery to returns.”

Trends 100

How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Accepting or submitting orders via email allowed companies to have electronic paper trails to maintain accurate inventory counts and keep clients satisfied. Such information streamlined transactions and improved decision-making, but the ERP data did not initially permit connecting and compiling cross-functional data sources. They suggested that, by 2023, digital transformation efforts would account for more than half of all information and communications technology (ICT) spending.

The Internet of Things and the Retail Industry

C3 Solutions

What's interesting is how the use of IoT technologies to track inventory throughout the supply chain can dovetail with the kind of visibility you gain when you implement a best-of-breed dock scheduling system from C3 Solutions. million in 2023.

10 Ways IoT Can Improve Supply Chains

IQMS

By 2023, blockchain will support the global movement and tracking of $2T of goods and services annually based on a recent Gartner. Blockchain shows potential for increasing the speed, scale, and visibility of supply chains, eliminating counterfeit-goods transactions while also improving batching, routing and inventory control. Improving track-and-trace reduces the need for buffer stock by providing real-time visibility of inventory levels and shipments.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Adidas @adidas Adidas is expected to move nearly 20% of its production to more automated factories by 2023 , many of them potentially proprietary. In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

This includes the optimal placement of inventory within the supply chain, minimizing operating costs including manufacturing costs, transportation costs, and distribution costs. Gartner also predicts that by 2023 intelligent algorithms and AI techniques will be an embedded or augmented component across 25% of all supply chain technology solutions. Inventory control. Supplier inventory management. Inventory management. Leaner Inventory.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

This includes the optimal placement of inventory within the supply chain, minimizing operating costs including manufacturing costs, transportation costs, and distribution costs. Gartner also predicts that by 2023 intelligent algorithms and AI techniques will be an embedded or augmented component across 25% of all supply chain technology solutions. Inventory control. Supplier inventory management. Inventory management. Leaner Inventory.

The Ultimate Guide to Beer Profit Margins & More

Unleashed

By 2023, 45% of spending in the beer industry will be attributed to out of home spend, namely in bars, pubs and restaurants. By 2023, 73% of spending will come from out of home consumption. from 2020 to 2023. grew their brewery using inventory management software. by 2023.

10 Key Takeaways From MHI’s Annual Report

Lucas

The eleven key supply chain technologies driving innovation are cloud computing and storage, sensors and automatic identification, inventory and network optimization, robotics and automation, wearable and mobile technology, internet of things, predictive analytics, 3D printing, driverless vehicles and drones, blockchain and artificial intelligence. See figure below from the report projecting the 2023 adoption rates for each emerging technology.