More businesses see their supply chain woes easing in the new year ahead. But 2023 will be another year of big technology changes and digital transformation for organizations of all size, says The American Supply Chain Association.
The association says B2B companies will see these trends continue to accelerate, according to a new whitepaper.
Supply chain trends noted in the whitepaper
Collection of data, advanced analytics and automation are pillars of the future.
- Using smart logistics solutions, based on the internet of things and next-generation robotics, is a focal point of future design.
- Artificial intelligence and machine learning will have a much greater impact. Processing huge datasets in real time demands these capabilities.
- As the amount of data grows, treating it as an asset and effectively securing it become vital.
- Risk management and resilience remain essential to the future of supply chain.
- Companies must prioritize circular and sustainable supply chains. They must also prioritize those dedicated to essential goods — especially after the last two years of disruption.
- The continuous logistics disruption will drive the need for constant master data maintenance for logistics parameters and inventory levels.
“Digital supply chains will continue to be essential elements of numerous trends on this list, including risk, resilience and security,” the whitepaper says. “Successfully digitizing supply chains requires large-scale sensor implementation via the internet of things; digital twins; shared internal and external interfaces, such as cloud-based networks; and process automation and verification. Best-in-class organizations will adopt digital supply chain capabilities or be left behind by nimbler and more efficient competitors.”
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