Companies with resilient supply chains increase their perfect order rate by 20% to 40% and customer satisfaction by as much as 30%. As supply chains realize the dire need for supply chain resilience to deal with the unforeseen, efficient logistics will be the key to achieve stability and preparedness.
Only 21% of businesses have a highly elastic supply chain network, meaning the agility to shift sourcing, manufacturing and distribution activities around fairly rapidly. Moving forward, powerful modeling, digital twin simulations, and network analytics will redefine how companies tackle complex network-optimization problems.
63% of early AI adopters have seen revenue increases and around 44% report cost savings in their supply chain. AI will automate and optimize crucial logistics planning processes — order dispatching, delivery scheduling, route planning, task allocation, fleet allocation and more.
21.8% of global supply chains state visibility as their biggest business challenge. Real-time visibility is more important than ever before, and more logistics businesses will invest in control tower applications to gain greater clarity, control and live updates on logistics operations.
By 2025, 85% of apps used by businesses will be SaaS-based. The core components of SaaS — quick implementation, pay-as-you-go models, scalability and Cloud security will allow businesses to grow without excessive software spends.
The global location analytics market size is expected to grow from USD 13.8 billion in 2020 to USD 26.7 billion by 2025. To overcome the ambiguity and chaos of address identification and validation, more businesses will now make use of Location Intelligence and geocoding software to detect addresses accurately and reach customers faster.
Climate change affected the availability of certain resources and forced brands to rethink their supply chains. Green consumerism is on the rise, and customers don’t mind paying an extra buck for products that can help them become more sustainable. Think climate-smart supply chain planning, eco-friendly warehouses, and the use of more electric and solar-powered vehicles.
One of the many ways to deal with the rising costs of raw materials and their volatile availability has been recycling. As the US government tightens its grip on regulations, linear supply chains will be replaced by circular ones, enabling companies to spend less on raw materials, create less waste and reduce their carbon footprint.
Robotics currently play a huge role in transforming supply chains and supply chain management. 2021-2022 will see drone deliveries and self-driving cars becoming more common. During the first half of 2019 alone, North American companies spent $869 million on more than 16,400 robots.
IoT enables agility and streamlines operations, helping companies maintain competitiveness in a fast-moving world. It is expected to bring visibility in production, inventory management, and predictive maintenance when implemented properly in warehouses and retail outlets.
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