en English

Tech trends that will shape the future of supply chain management

Reading Time: 2 minutes

The pandemic which disrupted the market, has exposed the outdated practices and tools used by the transportation and logistics industry. It is fortunate that the emerging technology developments are upholding the supply chain and solving several issues faced by the industry such as tracking inventories, monitoring shipments, and even replicating products. 

We bring to you some of the latest tech trends that are making an impact on improving supply chain management.

Smart Supply Chains

Smart supply chains that are powered by the Internet of Things, mobile private networks, and 5G – allowing businesses to respond to a delay by automatically rescheduling and rerouting shipments, while simultaneously updating customers with new delivery information. These technology solutions leverage customer demand data to continually update forecasts and plans, sharing that information with suppliers so everyone is in the loop.  

Supply Chain Visibility Tech

To optimize shipment logistics while reducing the risk of lost, stolen or damaged cargo in transit, companies can leverage technology that enhances supply chain visibility. Unifying data insights from tractors, trailers, and cargo using cloud and edge computing technology allows companies to track inventory, maximize trailer usage and view insights on asset movement to expedite the flow of goods from the manufacturer to the consumer. 

Predictive Maintenance Tech

Transportation and logistics enterprises should be looking at predictive maintenance technology. Organizations can leverage this software to reduce their downtime by proactively identifying equipment repairs. This also helps companies move toward a scheduled maintenance program versus engaging in reactive maintenance and reduce their carbon footprint, and it encourages a safe, quality environment for employees. 

Edge Computing

This allows organizations to acquire data across the supply chain, analyze the data and act in real-time. In the industrial sector, this is essential for automation applications such as predictive maintenance and remote condition monitoring. In addition to greater resilience, processing data close to where it’s generated unlocks flexibility, enabling a quick response to anything unexpected.  

3D Printing

With supply chain constraints showing no sign of slowing down, technologies like 3D printing can play an important role in easing shortages and mitigating widespread disruption. These technologies help fill the gaps in traditional supply chains and provide long-term, scalable solutions across industries to meet new pandemic-driven consumer needs. 

Digital Twins

Leveraging strategic digital twin technologies can solve the ongoing issues of bottlenecks and shortages in the supply chain. Companies utilizing the digital twin’s approach with business insights and industry best practices spot supply chain anomalies & disruptions proactively, improving planning and management across the end-to-end supply chain. 

Real-Time Shipping Status Software

To keep their supply chains running smoothly, companies need more granular, real-time information about the flow of shipments – where they are, why they are delayed, and what can be done about it. New software technology is coming online that can track an individual shipment among millions, instantly update its status and immediately notify logistics managers when problems arise. 

Blockchain

Blockchain technology is likely to make real improvements in supply chain management. Distributed ledger technology can bring transparency and visibility to supply chains by improving the security and traceability of products. The technology generates an immutable transaction record, making it possible to track good provenance and cultivate trust through shared supply chain information. 

Leave a Reply

Your email address will not be published. Required fields are marked *

LATEST NEWS