Supply Chain Expertise
Supply Chain & Logistics Tech Trends for 2022
Supply Chain and Logistics are the backbones of any industry. They are needed in all types of businesses. Supply Chain and Logistics ensure safe and reliable transport of goods from the source to the destination. Since the early days of the industrial revolution, Supply Chain and Logistics have evolved from their nascent state. In the present, Supply Chain and Logistics are key components that define the success of any project.
The COVID19 pandemic has affected all components of the Supply Chain and Logistics. The pandemic has disrupted the operations of global Supply Chains and Logistics sectors. Then again, innovative solutions have defined how these essential mechanisms were revived. Technology has played an important role in the metamorphosis of the Supply Chain and Logistics industry.
What to expect in Supply Chain and Logistics in 2022
Technology will continue to redefine the Supply Chain and Logistics industry for the year 2022 and beyond. Here are a few insights on what to expect in the future.
Increased use of technology
Technology will continue to rule the Supply Chains and the Logistics. The use of AI, Automation & Machine Learning will speed up these delivery mechanisms between the source and the destination. This will improve the safety, efficiency, and reliability of the transport of goods.
Promote circular Supply Chains and Logistics
Supply Chain and Logistics will encourage recycling of goods. These circular delivery mechanisms will be made possible due to the advances in the tech space. It will lead to the sustenance of smaller manufacturers and suppliers. Circular Supply Chains and Logistics will emerge as a cost-effective solution.
Greater use of Third Party Logistics (3PL)
Due to the continued onslaught of COVID19, shippers will increase the use of 3PL services. The 3PLs provide tailor-made services to the shippers. In addition, they provide specific insights on their requirements of the shippers. This will be due to the use of the latest innovations in tech for the Supply Chain and Logistics sectors.
Emphasis on local regions
Supply Chains and Logistics activities will focus on the local marketplace. Due to blockages at the global level, managers will try to fulfil any requirements at the local level. The increased connectivity and tech-supported business activities will catalyze this phenomenon. It will also reduce the undue stress on the global Supply Chains and Logistics mechanisms.
Rise in predictive analysis
To avoid any delays & losses, managers will rely on predictive analysis. It will help them foresee any untoward incident and take preemptive steps. Complex algorithms and predictive analysis models will play a pivotal role in this activity. This will in turn lead to timely delivery of goods in transit.
Supply Chains and Logistics will shift their focus towards eco-friendly methods. With greener options, the goods delivery mechanisms will continue to reinvent themselves for a better earth. Studies have shown that 90% of people in the age group of 21 to 34 are ready to pay more for eco-friendly products. Green management of Supply Chains and Logistics will therefore add a feather in the cap of the product marketers.