How can technologies meet future supply chain needs?

Although it is not possible to predict the future, it is possible to say that supply chain leaders will be increasingly digital, connected and integrated. In the coming years, the sector will be driven mainly by robust technologies, such as blockchain, artificial intelligence (AI) and the Internet of Things (IoT). But as rapid evolution occurs, companies will face big challenges to remain competitive and meet consumer needs.

A digitalization of manual processes and interaction between buyers and suppliers is already a reality and is growing exponentially. According to Gartner, by 2025, 80% of interactions between B2B business will be done through digital channels. Another trend is the adoption of omnichannel strategies to have more agile and simplified negotiations.

Going forward, the agile procurement and high performance, which allows for better decisions, will be essential to get ahead of the competition. Technological disruptions will continue to impact the future of companies, the ways in which they negotiate and transact with their suppliers, in addition to increasing their capacity to innovate and prosper in the market.

Therefore, it is essential that companies innovate in their operations and purchasing processes. In this post, we will explore some of the main technologies that will shape the future of the supply chain.

Enjoy reading!

Check out the main technologies that are transforming the supply chain

1. Cloud computing

Increasing competitiveness and productivity is the main reason why companies are migrating your operations of purchases for technology cloud computing.

With a cloud solution such as e-Procurement of the Electronic Market, it is possible to digitize processes, ensure governance, reduce costs and access information from any location and device.

A data visibility and real-time information, as well as access to KPIs, facilitates decision-making, purchasing planning and process improvement.

2. Blockchain

O blockchain ensures the immutable record of transactions and information, which uses the encryption technology for data protection.

No supply chain leaders, blockchain makes the safer transactions, transparent and efficient, factors that are decisive for the success of a company.

According to MarketsandMarkets, in five years (2020-2025), the global blockchain technology market for supply chain management is expected to grow 49% annually.

3. Artificial Intelligence (AI) and Big Data

The powerful combination between Artificial Intelligence (AI) e Big Data allows you to solve complex problems related to large amount of data in the supply chain.

AI is a great ally for companies to suggest supply sources suitable for their purchasing process, predict demands and even factors that can impact the functioning of the supply chain, such as weather conditions.

According to Forbes, the use of AI for supply chain is expected to grow at an annual rate of 45% between 2020 and 2027, driven by the need for efficiency and cost reduction.

4. Internet of Things (IoT)

A Internet of Things (IoT) is another technology that is transforming the supply chain as it helps improve efficiency and supply chain visibility

IoT enables businesses to monitor your products in real time and receive information about their location and storage conditions.

According to IDC, the increase in demand for tracking solutions and real-time monitoring will drive the IoT supply chain market to $11 billion by 2025.

5. Augmented Reality (AR)

In the supply chain, the Augmented Reality (AR) is an innovative technology, which allows optimize logistics processes, increasing the efficiency of supply chains.

The application of AR, through smart glasses, frees users from other devices, which can bring more comfort and safety during warehouse operations.

AR can also be applied in several areas in industry 4.0, such as product design, employee training, predictive maintenance and quality inspection.

6. Robotization of repetitive processes (RPA)

RPA or Robotic Process Automation is a technology that allows automate repetitive processes purchasing through robotization, based on pre-established criteria.

Robots help free up shoppers' time operational tasks, in addition, they can be used to perform dangerous or unhealthy functions, improving worker safety.

According to research by Accenture, 85% of manufacturing executives believe that robotics will be fundamental to the future of the supply chain.

7. 3D printing

3D printing technology, also known as additive manufacturing, increases the power to produce on demand, eliminating the need for large inventories.

3D printing is also a tool for rapid prototyping, allowing companies to test and improve their products more efficiently and cost-effectively.

Another benefit of 3D printing is the possibility of strengthen the supply chain, through local production of inputs, reducing dependence on international suppliers.

Did you like this content? You can also follow ME on social media and stay up to date with the latest news from the shopping world!

See you next time! 😉

Our
solutions

Our solutions

Ask for a
demonstration

Request a demo

Contact Us

Contact Us

© 2024 Mercado Eletronico. All rights reserved.