Logistics and Supply Chain Predictions for 2021
2020 was a challenging year, yet there were some hidden opportunities for logistics and supply chain enterprises. As we head into a brand new year, it’s time to look at some industry predictions for 2021.
Internet of Things
“It’s a world ruled by IoT; we just live in it.”
47% of logistics businesses believe that implementing IoT can make a huge impact in increasing efficiency, minimizing downtime, proactively responding to customer demands, and increasing overall ROI. The most important use cases are increasing productivity — 40% as well as logistics monitoring and routing — 40%. (Forbes)
Internet of Things
“It’s a world ruled by IoT; we just live in it.”
Big Data & Analytics
“Data will talk to you if you’re willing to listen.”
Big Data & Analytics
“Data will talk to you if you’re willing to listen.”
93% of shippers believe data-driven decision-making is essential to supply chain activities; 86% of 3PLs and 81% of shippers expect analytics to become a core competency of supply chain organizations; while 71% of 3PLs believe that big data improves process quality and performance. (GlobalTrade Mag)
Digital Twins
“Have you heard of supply chain digital twins? They’re identical!”
A Supply Chain Digital Twin is a virtual replica of a real-world supply chain model and business processes designed to optimize every element of the supply chain. Digital Twin is a rising trend in the supply chain across several industries, including FMCG, retail, fresh food-delivery, e-commerce, healthcare, and 3PL, to name a few.
Digital Twins
“Have you heard of supply chain digital twins? They’re identical!”
Sustainability through Logistics
“Plan A is to save the environment. There is no Plan B.”
Sustainability through Logistics
“Plan A is to save the environment. There is no Plan B.”
Enterprises are beginning to look at climate-smart supply chain planning and management to minimize carbon footprint and ecological imbalance. The global green logistics market is expected to reach a value of around USD 1,743.38 billion by 2027, at a CAGR of around 6.5 % between 2019 and 2027. (EIN Presswire)
Agile Logistics
“The bamboo that bends is stronger than the oak that resists.”
Agility is the need of the hour for supply chain enterprises. Companies with more agile supply-chain practices offer higher delivery service levels even with lower inventory levels.
Agile Logistics
“The bamboo that bends is stronger than the oak that resists.”
Scalability with SaaS
“It looks like a good year with plenty of logistics Cloud Apps on the horizon.”
Scalability with SaaS
“It looks like a good year with plenty of logistics Cloud Apps on the horizon.”
Cloud apps allow businesses to implement tech in their systems without spending a fortune. Huge investment is predicted in logistics SaaS products to enable route planning and optimization, network design software, and real-time visibility tools in the days to come.
Supply Chain as a Service (SCaaS)
“Do what you do best, outsource the rest.”
Supply Chain as a Service is a virtual supply chain team enabled by cloud software that supports all or part of a company’s supply chain operations. There is a rising trend among companies towards adopting SCaaS models, outsourcing activities such as procurement, logistics, and inventory management.
Supply Chain as a Service (SCaaS)
“Do what you do best, outsource the rest.”
AI-Enabled Automation
“Artificial Intelligence is a game-changer in supply chain automation.”
AI-Enabled Automation
“Artificial Intelligence is a game-changer in supply chain automation.”
AI will continue to play a pivotal role in saving time, reducing costs, increasing productivity, and accuracy in supply chain operations. 63% of early AI adopters have seen revenue increases and around 44% report cost savings in their supply chain. (McKinsey).
