Supply Chain

Leading Trends in Supply Chain Digital Transformation

Leading Trends in Supply Chain Digital Transformation

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Leading Trends in Supply Chain Digital Transformation

Gartner has identified eight critical trends to watch in supply chain technology. These technological trends are rapidly evolving, with most expected to mature within the next two to five years. 

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Gartner warns that organizations failing to keep these trends on their radar risk falling behind. Here are some of these trends:

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  1. Machine customers: Defined by automated purchases made by internet-connected devices or algorithms. For example, a printer that orders its own ink when ink levels run low.

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  2. End-to-end sustainable supply chain solutions: Many supply chain solutions such as transportation, planning, and procurement are integrating sustainability data into decision-making processes.

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  3. Augmented connected workforce: Wearable or mobile devices that support information transfer and training.

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  4. Next-generation humanoid robots: Robots that look and move like humans are being used for tasks such as order picking in warehouses.

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  5. AI-powered vision systems: Cameras, computer vision, and artificial intelligence use pattern recognition to detect issues and security problems in real time.

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  6. Composite AI: Companies must consider the human element in their AI strategies.

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  7. Supply chain data management: As advanced analytics and AI become more prevalent, having strict policies and processes in place to maintain high data quality is critical.

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  8. Cyber ransom: The impact of ransomware attacks can be paralyzing. According to Gartner research, two-thirds of enterprises worldwide have been affected by ransomware attacks, with 84% of those affected reporting significant revenue losses.

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Gartner notes there is unprecedented consensus among business leaders on the strategic importance of implementing digital technologies. According to research, 78% of CEOs plan to increase investment in digital capabilities in 2024, while 82% of supply chain leaders indicate they will invest more in supply chain technology in 2024–2025.

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Key Takeaways
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  • Eight major supply chain technology trends identified; expected to mature within 2-5 years ahead.

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  • The strategic importance of investment in digital technologies is widely accepted among business leaders.

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  • Cyber ransom attacks cause significant financial losses for organizations.

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News Link: https://www.thescxchange.com/articles/10247-gartner-spotlights-eight-supply-chain-technology-trends

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