Yes, its time now to have a look at the trends of this year!
The technology and digital era are ramping up and we’re above to usher in the 19th year of the 21st century soon. It’s a time when the office casual lunch hours many turns to debate what next year is about to bring and what we are leaving behind, especially among logistics and supply chain industry, as every new year brings new disruptive technology innovations, trends, and challenges.
Trend #1: Cloud-based Big Data and Advanced Analytics
Nowadays the businesses are replacing the legacy systems with on-demand, cloud-based data solutions. This trend is the result of the need for supply chains to turn more responsive and for the businesses to better understand cost initiators in the logistics segment.
Without digital assistance, these objectives are not possible to achieve, and cloud technology is gaining traction as a fast and less expensive route to analytic proficiencies, not only for large corporations but also for small-sized businesses, which are in search of these capabilities within their reach.
Considering this, we can see continued acceptance and therefore, a steep demand for advanced analytics solutions in supply chain and logistics.
Trend #2: Increased Focus on Cost-to-serve
The burgeoning traction of omnichannel supply is actually beneficial for consumers and also for enterprise buyers, but not without adding new complexities for supply chain agencies.
Often, supplying agencies have displayed an approach of “Implement first. Ask questions later” to multi-channel and omnichannel strategies in order to avoid losing sales to e-commerce giants like Amazon. But this approach lands them in some unprofitable sales, and that can become a dicey situation for the supply companies to remain in.
This story is from the September 2018 edition of Small Enterprise.
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This story is from the September 2018 edition of Small Enterprise.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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