As companies increasingly use their supply chain to compete and gain market share, spending and activity in this area are notably on the upswing. The future of supply chain management supply chain. Knowledge diffusion through supply chain networks pdf. Using green logistics to cut costs and win customers. Music welcome back to our lesson on the future of supply chain management. Upon completing this lesson, learners should be able to discuss trends and challenges associated with supply chain management. Check out what the future of supply chain management looks like. The 11 supply chain trends businesses cannot ignore supply. We cover the top trends and news surrounding the topic of supply chain management. Here are six trends to pay attention to in the world of global supply chain management for 2020 and beyond. The retail supply chain has been going through a massive transformation. Therefore, as was the case when we wrote defining supply chain management we discuss the changing as well as unchanging nature of scm and based on the ever.
Sep 20, 2016 these systems can reduce labor costs and make your supply chain more efficient and profitable. External pressures, technology trends and internal evolution are prompting companies to reevaluate their network to determine how their future supply chain should be structured, both in terms of capacity and capabilities. Jan 08, 2018 experts say 2018 will be another year of transition as digital transformation becomes more important than ever in supply chain planning, fulfillment and procurement. What do you think the future of supply chain management will look like.
Pdf future challenges and areas of development for. Again, the trends of 2017 all center around our rapidly advancing technology. From the first assembly lines to todays advanced robotic solutions, the supply chain process is constantly evolving. As innovative companies grow and expand operations, robots that build robots could be one of the future trends in supply chain, becoming the norm for optimizing manufacturing operations. Planning for the supply chain of the future infographic. Robert gifford, executive vice president of global logistics with ingram micro, told the editorial staff at supplychainbrain that the last two decades have seen a transition among global supply chains from internal control to the outsourcing of such key elements as manufacturing and distribution.
Some supply chain managers will say that if you use electronic data transfer or keep digital records, youre already in the age of digital supply chain management. The future of supply chain management predicting the future of supply chain management is a fools game, but new findings from caps research gives a glimpse into how supply managers are preparing for tomorrow. Supply chain management has changed significantly over the past several decades. How the world is changing faster than you can hold a board meeting, and why you need more than one supply chain strategy expect further uncertainty, shocks and market. Future of supply chain management trends predictions 2020. Future impact of technology on supply chain management. As the supply chain rises to be a key concern for businesses, gt nexus has identified a number of trends that can be expected this year. In the future, the entire supply chain will be digitally represented.
At the same time, nextgeneration delivery and logistics management solutions are making global supply chains smarter, faster, more customer centric, and sustainable. Jun 02, 2010 the oil price is not likely to increase between now and 2030 in the order of magnitude that it poses a threat to conventional means of transport, predicted dr. Feb 02, 2017 supply chain optimization in 2017 will be epitomized by iot sensor data and the leveraging of that data into actionable tasks. It is the fifth in a series of reports produced by interlink to identify future trends and the next wave of technologies for inclusion in curriculum and development of future programs. Contact the supply chain team to discuss how these trends will shape your supply chains, how futures tools such as scenario planning can help your team and leadership plan for multiple possible supply chain futures, and how you can join our supply chain futures laba bsr collaborative initiative launching in 2018 as part of our sustainable. For 2020, we looked to the experts for their thoughts on the future of supply chain management trends that we may see in the new year. Dec 07, 2017 there are several key supply chain trends to watch in 2018. Jan 16, 2017 supply chain and logistics trends in 2017. Thats a question more and more scm professionals are asking themselves.
The right supply chain design is critical to managing the changes brought about by rapid globalization. Technologies and methodologies springer series in advanced manufacturing hosang jung, fengshan frank chen, bongju jeong on. Autonomous robots and the future of supply chain deloitte us. To design a supply chain that is fit to flourish in 2025, supply chain leaders should anticipate how key forces of change will impact their supply chains and look to evolve their supply chain management approaches accordingly. The centre for logistics and supply chain management were commissioned to identify the major logistics and supply chain management trends which will have an impact on specific sectors in the next five years. There are many facets to predicting the supply chain of 2030. In doing so, network design captures the costs of the supply chain with a total landed cost perspective. Supply chain managers are looking for ways to maximize productivity while minimizing risk to their supply chains and bottom lines. By understanding, anticipating, and acting upon these trends, the author believes companies can greatly enhance the value of their supply chain. These systems can reduce labor costs and make your supply chain more efficient and profitable. Introduction supply chain management as a field has been evolving continuously over the last three and a half to four decades. The discussions raised five key points that will shape the supply chain of the future, which centred around creating a demanddriven supply chain, evaluating total cost sourcing, enhancing supply chain financing, adopting a greener focus and developing a proactive tax strategy. Master in international supply chain management rotterdam. Indian economy bears simplified supply chain because many companies have hundreds and thousands of supplies and customers.
Emerging trends in supply chain management cpo innovation. The supply chain thus in its entirety includes internal supply chain functions, an upstream supplier network, and a downstream distribution network. Supply chain control towers is a core competency in endtoend collaboration and process management, according to mark woodward, ceo of e2open. An inefficient and poorly functioning supply chain can negatively impact every aspect of an organization. Discuss the challenges that the physical internet concept seeks to address. Future trends of the supply chain management and logistics. Cdp supply chain climate change questionnaire, cdp supply chain water questionnaire, science based targets initiative. Supply chain professionals will need to rely on more digital technologies to keep pace with disruptions and meet the challenges of this volatile age. Key trends to watch for 2019 will be watching how trade and tariff issues fall out, particularly the negotiations with china, the digital supply chain, machine learning and ai.
Apr 28, 2014 trends in supply chain management presentation by gra supply chain consultants 1. A well thoughtout supply chain network design can optimize the network and the. The landscape of supply chain management continues to evolve, ultimately allowing suppliers to operate more effectively and efficiently across the board in some ways, the improvements being made are in response to recent developments in supply chain management. Subsequent reports will be published identifying the future of other industries. Future trends in supply chain management the practice of supply chain management is a very recent phenomenon, as many organizations are just now beginning to realize the benefits and problems that accompany an integrated supply chain. Omnichannel supply and the new i want it now consumer culture will be strong drivers of supply chain trends in 2018, including those already mentioned in this article.
He has been covering the logistics and supply chain scene in various editorial and consulting positions for more than three. Increased digitalization is allowing for data analysis that wasnt possible before. A companys supply chain in an ebiz environment can be very complicated. We dont mean the near future, but the very distant future. Future trends in supply chain management slideshare. Supply chain trends from cost centre to competitive advantage by shanaka jayasinghe 26th march 2014 2. So in order to respond to competitive pressures companies need to know and understand the new trends in scm. Em e r gin g t re nd s i n s u pp ly ch ain m an agem e n t. And discuss some of the elements of the physical internet concept. However, the pace of change particularly in the last decade or so has been truly rapid in every sense of the term. Aug 07, 2017 this infographic looks at seven trends that are transforming supply chains, and how companies can plan for the future.
Trends in global supply chain management quality digest. Next generation supply chains trends and opportunities. Build a digital supply chain that is fit for the future digital tools can help companies stay a step ahead of changing industries. There are articles which describe what the future of supply chain. Supply chain and logistics trends in 2017 all things supply. Companies can better analyze and therefore manage the risk in their supply chains. Imagine what the future will look like in supply chain. In total cerasis, a transportation management solutions company, will release 4 industry trends. Top 10 future trends in supply chain and logistics from the first assembly lines to todays advanced robotic solutions, the supply chain process is constantly evolving.
While iot tools arent new in logistics, the orchestration of the supply chain in the supply chain control tower is. When this idea is put into use, supply chains will be able to use people, processes, and advancements in technology to directly benefit the entire organization. This white paper, thetop supply chain trends that will impact supply chain management in 2018is the second in our overall industry trends white paper series. Pdf trends in supply chain management researchgate.
A logistics and supply chain manager is not a master of just one specific area. Current issues and emerging trends in supply chain management. Currently, many companies use autonomous robots for targeted functions in the supply chain, piloting various robots to verify gains. Examine this overview of supply chain management digitalization practices for automotive equipment manufacturing and supply, machinery, high tech, and consumer goods. Build a digital supply chain that is fit for the future. This edited book describes new trends in supply chain design and management with an emphasis on technologies and methodologies.
The future of supply chain management supply chain 247. Mit sloan school of management working report 2006 1 emerging trends in supply chain governance gabriel r. Five health care supply chain management trends to know. Keep your eye on these 7 supply chain and logistics trends in.
Top trends for the next decade this white paper investigates the business process, technology, and the associated implications for the future of supply chain management, it also recommends a business and technology architecture for bridging to the future. Furthermore, they may signal the end of lean as a dominant force in supply chain design and strategy. To make sure you dont get left behind, heres some of the big trends in supply chain management you need to know about. The future of supply chain sustainability blog bsr. Frank was the founding editor of scmr and has overseen its growth over the past 16 years. When it comes to supply chain management, change is the only constant. The strength of long ties and the weakness of strong ties. This paper is the revised version of itescm model, which represents academic. Aug 01, 2018 whoever coined the phrase its a small world clearly doesnt work in supply chain management. The supply chain function ensures integrated operations from customers to suppliers. Against this backdrop, a few pioneering supply chain organizations are preparing themselves in two ways.
Educational supply chain also consists of education supply chain and research supply chain. This model depicts the integrated form of educational supply chain and educational management for the universities. Consumer expectations are becoming increasingly higher. Due to the everchanging dynamics of todays global market place, it is necessary to examine upcoming future trends that may impact businesses. Here are six trends that will help you reevaluate current processes and performance. What are the current trends in supply chain management. The latest trends in supply chain and logistics focus on smart, techdriven management to reduce operating expenses and increase efficiency. Jul 24, 2018 top 10 future trends in supply chain and logistics.
Best practices and future trends one inescapable fact dominated the discussion at a recent conference organized by the initiative for global environmental leadership at pennwharton igel entitled, greening the supply chain. Six key trends changing the supply chain management today. Supply chain trends 2014 methodology 3 studys assumption. What is supply chain management scm 101, and should you major in it.
Six key trends changing supply chain management today. Supply chain trends how is the supply chain changing. In commerce, supply chain management scm, the management of the flow of goods and. Between robots, the evergrowing cloud, capacity crunch, security and more, weve gathered a lot of interesting topics to discuss. This article presents an objective overview of the supply chain management scm digitalization practices of leading companies in the automotive, machinery, high tech, and consumer goods industries. Oct 02, 2017 two big trends happening in supply chain management are the rising importance of the chief procurement officer within businesses and the digitalization of supply chains. Future of logistics and supply chain management key challenges and opportunities in logistics and supply chain management, in the context of wider global trends impact on global corporations, and also on companies. The bottom line for wouldbe architects of manufacturing and supply chain strategies is a greater risk of making key decisions that become uneconomic as a result of forces beyond your control. Mar 28, 2012 what are the current trends in supply chain management by jan mack on march 28, 2012 0 as a definition, supply chain management scm is actually a set of rules and principles that make sure the proper raw materials timely to make sure the top quality item by the close monitoring of the overall production process. What emerging technologies will have the most impact and in what way. Great for lean, mass production supply chain strategies, but certainly out of sync with the omnichannel world we now live in. For supply chain executives, this means selectively adopting. This work was on behalf of knight frank, a residential and commercial property consultancy founded in london at the end of the 19 th. Future trends in logistics and supply chain management.
One of the notable supply chain management trends is a switch from offshore manufacture to local or nearshore supply. Data can now be more current and more external than it could in years past. The five points are examined in detail within this report. Top 11 supply chain trends you need to know in 2020. With our clients, we have often seen that demand planning success is. Future challenges and areas of development for supply chain management. Supply chains around the world are being transformed. In others, organizations are working to make improvements in anticipation of future events and the world of commerce in general. The 10 trends offered here are validated with executive input from senior executives across different industries. The rapid growth and geographic expansion in the biopharmaceutical market is increasing supply chain risks that need to be well understood.
Trends in supply chain management presentation by gra. Four emerging supply chain trends for 2019 supply chain. This change has impacted every aspect and subfunction within the supply chain. The focus of future supply chain sustainability is.
In a world where nextday and sameday deliveries have become the new normal, and where solutions provider zebra is predicting that by 2028, 40% of parcels will be delivered within 2hour timeframes, the race is on to develop faster, more efficient supply chain processes. Blog coronavirus supply chain supply chain management supply chain securitythe highly contagious virus, also known as covid19, that originated in wuhan, china, has now been declared a global pandemic by the world health organization. This study compares two different types of companies according to two indicators revealing a performant supply chain. Yet the innovative trend that is of most interest to me is already several decades oldthe growing. What current trends will continue and which ones will become dominant. From widespread adoption of the cloud and greater use of artificial intelligence to the potential applications of blockchain, here are 4 supply chain trends and predictions for 2018. This paper examines the potential opportunity for public sector health systems to engage third party service providers to support the logistics. The future of planning is all about getting off the slow and steady s. But digital supply chain technology is one of the most promising technology expansions in the world of supply chain management. These supply chain management trends expand over technology, processes, and strategy.
Supply chain management supply chain supply chain optimization cpg consumer packaged goods supply chain planning more. Having the supply chain function represented by a senior executive generates better performance capability to align supply chain management priorities with corporate global strategy ability to positively arbitrate resource deployment ability to become an influential vector for corporate strategy supply chain trends 2014. Top trends for the next decade abstract modern supply chain management is entering the third wave of a multidecade progression towards greater levels of sophistication in addressing increasing levels of product variety, fulfillment options, and customer engagement, at the lowest possible cost. Featuring the article a new score for supply chains by chris caplice additive manufacturing, autonomous vehicles, blockchain technology, the internet of things and multichannel retailing are some of the innovations that are driving tremendous change in supply chain management today. Thats an increase of more than 53 percent from 2016, when the firm. Deploying emerging technologies can sustain competitive advantage by enhancing access to information, reducing costs, and improving product quality, responsiveness, and collaboration. When once consumers were happy with waiting a week to receive a package in the mail, today anything longer than two day delivery means that many consumers will forget their order by the time it arrives, and maybe decide they would rather not receive any item at all than wait.
The earth maintains a relatively constant size of roughly 196,900,000 square miles of surface area, but in the last decade or so, the scope and complexity of global supply chains have expanded exponentially. How quickly will companies assimilate new technology. Big trends in supply chain management you need to know about. The top supply chain trends that will impact supply chain. What trends will affect the next generation of supply chains. More accuracy in supply chain management analytics accurate inventory data can be the difference between a productive month and a month that ends in a team meeting.
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