Digital Supply Chain Predictions!

Supply Chain Game Changer

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Demand for Basic and Specialty Chemicals Continues to Grow

Material Handling and Logistics

million units per year by 2023. Assuming no major trade disruptions, there will be a $69 billion trade surplus in chemicals by 2023. Provided that access to export markets remains open to our producers, expanding global demand will be met by shale-advantaged chemistry sourced from the U.S.”. Healthy growth is expected to be driven by broad-based industrial demand.

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Trends and Predictions 2020: Information Technology

Enterra Insights

An IDC report predicts that by 2023, “more than half of all worldwide GDP [will be] driven by products and services from digitally transformed industries.”[3] IDC analysts predict, “By 2023, more than 50% of all ICT (information and communications technology) spending will go toward digital transformation and innovation.” More than 90% of apps will be cloud native, 80% of code will be externally sourced, and 1.6

Trends 100

How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Such information streamlined transactions and improved decision-making, but the ERP data did not initially permit connecting and compiling cross-functional data sources. However, as supply chain managers gained more access to data from ERP platforms or other sources, they explored feasible ways to use the information to overcome challenges and get new insights. billion by 2023. That prediction represents a combined annual growth rate (CAGR) from 2018 to 2023.

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. … 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.” Greeting the new year is like walking into a dimly lit room from the bright sunlight.

Trends 100

2020 The Year To Address The Elephant in Every Room – Data

ivalua

In another recent report, Gartner predicted that by 2023, organizations that don’t really tackle the issue of supplier master data management will very likely have the wrong information for half of their suppliers. Source: 2019 Supply Chain Data Quality and Governance Study. Source: 2019 Supply Chain Data Quality and Governance Study. Source: 2019 Supply Chain Data Quality and Governance Study .

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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

Applying Blockchain in Logistics & Supply Chain Management: 5 Reasons Why Supply Chain Execs Need to Know More

Cerasis

In fact, the Drug Supply Chain Security Act of 2013 , passed by Congress, mandates pharmaceutical supply chains implement an around-the-clock, real-time, and accurate way of monitoring product location in manufacturing and transport by 2023, reports Innovation Enterprise. Freight audits will become almost nonexistent as information is tracked to the point of origin, whether it’s the manufacturing location, raw materials used, sourcing of reclaimed parts, or payment processing.

Trends and Predictions 2020: Technology

Enterra Insights

By 2023, Gartner projects more than half data will be created and processed ‘outside the data center or cloud.’ Gil Press ( @GilPress ), Managing Partner at gPress, reports analysts from IDC predict, “By 2023, more than 50% of new enterprise infrastructure deployments will be at the edge rather than corporate data centers, up from less than 10% today. The late futurist and science fiction writer Arthur C.

Trends 100

Is AIoT the Future of Industrial Connectivity?

Enterra Insights

“Enormous volumes of data processed from numerous internet-connected sources.” According to leading tech research firm Gartner, the global wearable device market is estimated to see more than $87 billion in revenue by 2023.” There is a lot of discussion about the future benefits of the Internet of Things (IoT) — sometimes called the Industrial Internet of Things (IIoT).

A New Technology Superpower: AIoT-The Convergence of AI and IoT

DELMIA Quintiq

By 2023. Source: AIoT Technologies, Integration, Infrastructure, Solutions, Applications and Services by Industry Vertical 2018 – 2023. When people hear the technology terms Artificial Intelligence (AI) and Internet of Things (IoT), most think of modern advances of a futuristic world that has been depicted in films over the past few decades like the Minority Report.

Disrupting Logistics: 4 Innovative Blockchain Startups to Watch in 2018

Techgistics

Source: The Daily Dot. trillion in 2023. The global logistics market is predicted to reach US 15.5 The world runs on trade and traditionally the industry has been plagued by inefficient processes, middlemen, and archaic technology. As a result, venture capital has poured into logistics startups over the last few years in an attempt to digitize the supply chain.

Blockchain – The Answer to the Future of Retail?

EV Cargo Technology

billion USD by 2023. Information written directly into the blockchain includes items such as; the source, the supplier, the cutting and the polishing. Everybody is talking about blockchain these days, some are even referring to it as the next disruptive technology that will change the retail industry. The impact of blockchain on the financial services is well known. The use of cryptocurrencies has dominated the news even though many don’t understand the technology behind it.

Multiple Constraints of Route Planning in ASEAN

Abivin

According to SpirE-Journal 2016 Q4 - Spire’s Asia Market Research, ASEAN trade volume is expected to increase by 130% and will be valued at $5,653 billion by 2023. per annum from 2012 to 2023. Source ASEAN is witnessing a growing middle class with increased spending power, which results in a thriving demand for logistics as consumers require better, more varied products and services delivered to their doorstep.

Friday in 5: Whole Foods Deals Added to a Longer Amazon Prime Day

Supply Chain Nation

As artificial intelligence technology grows in capability and popularity, chatbots could save retail, banking and healthcare businesses as much as $11 billion each year by 2023, according to a new report from Juniper Research. billion hours by 2023 in those three sectors. Welcome to Friday in 5: news from around the supply chain landscape, served up in one spot to keep you up to date and informed. This week: Amazon Prime Day gets longer and adds Whole Foods deals; U.S.

Blockchain – The Answer to the Future of Retail?

EV Cargo Technology

billion USD by 2023. Information written directly into the blockchain includes items such as; the source, the supplier, the cutting and the polishing. Everybody is talking about blockchain these days, some are even referring to it as the next disruptive technology that will change the retail industry. The impact of blockchain on the financial services is well known. The use of cryptocurrencies has dominated the news even though many don’t understand the technology behind it.

Cargo 40

Friday in 5: Whole Foods Deals Added to a Longer Amazon Prime Day

Supply Chain Nation

As artificial intelligence technology grows in capability and popularity, chatbots could save retail, banking and healthcare businesses as much as $11 billion each year by 2023, according to a new report from Juniper Research. billion hours by 2023 in those three sectors. Welcome to Friday in 5: news from around the supply chain landscape, served up in one spot to keep you up to date and informed. This week: Amazon Prime Day gets longer and adds Whole Foods deals; U.S.

The Internet of Things and the Retail Industry

C3 Solutions

million in 2023. Not only does it help keep their users' distribution centres running smoothly, with lower maintenance costs and less unplanned downtime, it also affords the manufacturer a potential new source of income from the diagnostic and maintenance service.

How Blockchain Can Improve Manufacturing In 2019

IQMS

By 2023, 30% of manufacturing companies with more than $5B in revenue will have implemented Industry 4.0 Increasing visibility across every area of manufacturing starting with suppliers, strategic sourcing, procurement, and supplier quality to shop floor operations including machine-level monitoring and service, blockchain can enable entirely new manufacturing business models. The business value-add of blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T

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. Market Trends for the HVAC Industry. The HVAC industry is unforgiving to distributors who are not on top of their game.

Food Industry Delivery Trends!

Supply Chain Game Changer

Restaurant delivery has grown 20% in the last five years; while estimates differ, online food delivery sales are estimated to grow as high as $220 billion by 2023 – 40% of total restaurant sales. Add to this the rising number of consumers looking for vegan, organic, no-gluten, paleo or ethically-sourced food, and you’ll understand the continued growth of specialized food subscriptions. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

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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. 32% of enterprises are adopting blockchain to gain greater speed compared to existing systems, and 28% believe blockchain will open up new business models and revenue sources.

Confused About What to Do? Try Prescriptive Analytics.

Enterra Insights

This is why the Big Data space is set to reach over $273 Billion by 2023 and companies like Microsoft, Amazon and Google among so many others are so heavily invested in not only collecting data, but enabling data for the enterprise. It leverages predictive analytics and descriptive analytics to derive ideal outcomes or solutions from helping you solve business problems based on foresight achieved from continuously analyzing a wide variety of (un)structured data sources.

Doing Business in Poland

QAD

Senate elections were held in October 2019 and will be held next in October 2023. The corporate tax rate is 19%, calculated on global corporate income from all sources if the company is headquartered in Poland. Poland has become a democratic, market-oriented country after many years of communism and the lingering effects of invasion during World War ll. The country joined NATO in 1999 and later became a member of the EU in 2004.

The Clothing Supply Chain – From the High Fashion Runway to Landfill!

Supply Chain Game Changer

Goodwill and Salvation Army) market will grow phenomenally from $24 Billion in 2018 to $51 Billion in 2023. Source: thredup.com and GlobalData. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Food Waste and World Hunger – The Food Supply Chain is Broken! Videos). Every 3-6 months my wife and I accumulate a bag full of clothing that we no longer wear. We take it to the local Goodwill or Salvation Army.

Food 55

Online Grocery Sales Continue to Grow

Enterra Insights

There’s been increased use of mobile phones and smartphones, interfaces for websites and mobile apps have improved, and there’s been a notable expansion of crowd-sourced business models to shopping and delivery.”[1] 1] Krishna Thakker, “ Report: Online grocery sales set to quadruple by 2023 ,” Grocery Dive , 28 October 2018. [2] Digital disruption has affected nearly every economic sector and the food and drink industry is no exception.

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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. Strategies include sourcing more items directly from manufacturers to improve margins, SKU rationalization and space reduction, “show more carry less” and assisted-store ordering. About 40% of VF Corp’s production is sourced from the Americas, more than double the industry average.

The need to know

EFT

billion stake in Alibaba's Cainiao - sources. Their silhouettes don’t stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger. Survey Reveals 33% of Supply Chain Leaders Moved Business Out of China or Plan to by 2023. . The need to know from Reuters global network of journalists.

The conscious consumer – Buying the change they want retail to make?

Proxima

As such, there’s an increasing demand to know exactly where and how products are sourced and workers are treated. Publishing supplier lists and being honest about product ethics (they have a commitment to achieve 100% RSPO-certified sustainable palm oil by 2023 but are not yet there), Nestle is working towards rebuilding customer trust. Avoid greenwashing campaigns Although consumers want to buy better, often their only source of information are the claims from the company.

Addressing UN Sustainable Development Goal 8: Helping Automotive Businesses Tackle Modern Slavery

EcoVadis

According to SDG Compass, 212 million people will be unemployed by next year, which means, to keep up with the growing working age population, the world needs to create 600 million jobs by 2023. The aberration of modern slavery seeped into public discourse in mid-2016 when reports surfaced that leading automobile manufacturers had sourced paint from suppliers with links to mines using child labor in India 10.

Building the Future of my Supply Chain

DynaSys

According to Analysts such as IDC, “by 2024 over 60% of manufacturers will rely on AI (Artificial Intelligence) to drive digital transformation across the supply chain, leading to productivity gains of 20%” and according to Gartner “by 2023 at least 50% of large companies will be using AI, advanced analytics and IoT in their supply chain operation”.

The Reshoring Initiative: 3 Reasons Why American Retailers Are Reshoring U.S. Manufacturing Jobs

Cerasis

When Walmart announced its commitment to increase its American-made purchases by $50 billion annually by 2023 , resulting publicity gave a big PR boost not only to the Reshoring Initiative but to Walmart as well. These benefits help explain why an estimated 20 percent of goods previously sourced in Asia have been reshored in recent years. After decades of jobs moving overseas, the tide has turned in favor of reshoring , reports the Reshoring Initiative in its latest annual report.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

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. A supply chain optimization software can help manufacturers connect the entire manufacturing or distribution value chain, right from procurement to the R&D and materials sourcing through the final production and delivery. What is supply chain optimization?

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

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. A supply chain optimization software can help manufacturers connect the entire manufacturing or distribution value chain, right from procurement to the R&D and materials sourcing through the final production and delivery. What is Supply Chain Optimization?

A guide to selling online in the USA

Vinculum

257 users to increase by 2023 from 244 million in 2018. Mobile eCommerce has become the ultimate source of online shopping. America is a world leader in cross-border eCommerce exports and imports. eCommerce behemoth like eBay and Amazon belongs to America.