The supply chain and its future are often in the news. The industry is constantly changing and evolving day by day. It can be hard to keep up with all the latest trends, but it’s important to try so that your business can stay ahead of the curve.
Top 10 Trends in 2022
Here are 10 of the biggest supply chain management trends that you should be aware of for the next few years.
1. Increased use of artificial intelligence and machine learning
Artificial intelligence (AI) and machine learning are two technologies that are revolutionizing supply chain management. AI is helping to optimize route planning, predict demand, and improve stock control. Machine learning is enabling to develop better forecasting models and identification patterns in data.
2. Big data and analytic
The term “big data” refers to the large volumes of data that businesses generate. This data is helping to improve supply chain management in several ways, including:
- Helping to identify trends and patterns
- Improving forecasting accuracy
- Optimizing routes and schedules
- Enhancing stock control
3. The rise of the Internet of Things
The Internet of Things (IoT) is a network of physical devices, vehicles, home appliances, and other items relating to the internet. This connection allows these objects to collect and exchange data. The IoT has a big impact on supply chain management, as it enables real-time tracking of products and assets.
4. Blockchain technology
Blockchain is a distributed database that allows for secure, transparent, and tamper-proof record keeping. This makes it an ideal technology for supply chain management. It can help to track the movement of goods and ensure the authenticity of products.
5. Collaborative robots
Collaborative robots, or co-bots work alongside humans in manufacturing and warehouse environments. They play a good role in tasks such as picking and packing orders. Co-bots can improve the efficiency of supply chain operations and free up employees to focus on other tasks.
6. 3D printing
3D printing is a manufacturing process that creates three-dimensional objects from a digital file. It is being used more and more in the supply chain to create spare parts on-demand, reducing lead times and inventory levels.
7. Augmented reality
Augmented reality (AR) involves superimposing computer-generated images onto the real world. The use of AR in supply chain management is to provide real-time information to employees about the products they are handling. For example, an AR system can show workers where to find items in a warehouse or how to assemble products.
Drones are unmanned aircraft that can be controlled remotely. They are being used more and more in the supply chain for tasks such as last-mile delivery and inventory management.
9. Electric vehicles
Electric vehicles (EVs) are powered by electricity instead of petrol or diesel. EVs have several advantages for use in the supply chain, including:
- Reduced emissions
- Lower running costs
- Quiet operation
10. Sustainable practices
Sustainability is becoming increasingly important to businesses and consumers alike. As a result, sustainable practices are being adopted more and more in the supply chain. This includes things such as using recycled materials, reducing packaging, and minimizing waste.
These are just some of the trends that are shaping the future of supply chain management. By being aware of these trends, you can make sure that your business is prepared for the changes that are to come.