In this article, we review key supply chain technology and assess which one organisations are most excited by using our recent poll results.
In the dynamic landscape of global commerce, the backbone of efficiency and success lies within supply chains. Over the years, industries have witnessed a remarkable evolution in how goods move from production facilities to consumers’ hands. This evolution is owed, in no small part, to the integration of cutting-edge technologies that continue to revolutionise supply chains.
The most exciting supply chain technology often depends on specific industry needs and the stage of adoption. These advancements collectively hold enormous potential to transform supply chain efficiency and resilience.
In our most recent LinkedIn poll, we asked our social media followers what supply chain technology excited them the most. Read on for the full results.
Supply chain technology
AI and Machine Learning (ML)
An overwhelming 56% of the respondents expressed their enthusiasm for AI and Machine Learning (ML). This response underscores the recognition of the transformative potential that AI and ML bring to supply chain operations. The emphasis on AI and ML signifies an eagerness to leverage intelligent algorithms and data-driven insights for optimising various aspects of the supply chain. This can include demand forecasting, inventory management, predictive maintenance, and logistics optimisation.
What this means is that these respondents perceive AI and ML as catalysts for revolutionising traditional supply chain methodologies. The adoption of these supply chain technologies promises enhanced decision-making capabilities, automation of routine tasks, predictive analytics, and the ability to extract actionable insights from vast amounts of data. This excitement reflects a strategic interest in leveraging cutting-edge technologies to streamline processes, drive efficiencies, and proactively adapt to dynamic market conditions.
The 56% response signifies a collective anticipation for the potential of AI and ML to revolutionise supply chain operations. Prioritising these technologies indicates a strategic focus on embracing innovation to unlock new levels of efficiency, agility, and competitiveness within the supply chain. All of which ultimately contribute to improved performance and customer satisfaction.
Internet of Things (IoT)
A notable 24% of the respondents expressed enthusiasm for the Internet of Things (IoT). This response underscores a substantial interest in leveraging IoT’s potential to transform supply chain operations. The emphasis on IoT signifies a recognition of its capacity to revolutionise how devices, machines, and systems communicate and interact, creating a connected ecosystem within the supply chain.
What this means is that these respondents see IoT as a game-changer in supply chain management, offering capabilities such as real-time tracking, monitoring, and data collection across various assets and processes. This supply chain technology enables the integration of sensors and devices to gather actionable insights, improve visibility, and enhance decision-making.
The 24% response signifies a strategic interest in adopting IoT to drive efficiency, transparency, and automation within supply chain operations. Prioritising IoT reflects a commitment to harnessing interconnected devices and data to optimise workflows, reduce costs, and improve overall supply chain performance. This technology excites stakeholders due to its potential to offer unprecedented visibility and control, paving the way for more agile and responsive supply chains.
15% of the respondents indicated their enthusiasm for Cloud Technology. This response highlights a considerable interest in leveraging the capabilities of cloud-based solutions to transform supply chain operations. The emphasis on Cloud Technology also suggests an acknowledgment of its potential to revolutionise data storage, accessibility, and collaboration.
This excitement around Cloud Technology signifies an understanding that cloud-based solutions offer scalability, flexibility, and real-time access to critical information from any location. These solutions enable enhanced data management, secure sharing of information among stakeholders, and seamless integration of disparate systems. By leveraging the cloud, businesses can streamline processes, improve communication, and achieve greater agility in responding to market demands.
The 15% response indicates a strategic interest in adopting Cloud Technology to optimise supply chain operations. Prioritising cloud-based solutions reflects a commitment to harnessing modern infrastructure to enhance efficiency, reduce costs, and facilitate collaboration among partners. This technology excites stakeholders due to its potential to offer a more connected and agile supply chain ecosystem.
Finally, a modest 6% of respondents expressed enthusiasm for Robotics. This response suggests an emerging interest in leveraging robotics to enhance supply chain operations. The emphasis on Robotics underscores an acknowledgment of its potential to revolutionise various aspects of warehouse management, order fulfilment, and repetitive tasks within the supply chain.
The excitement around Robotics signifies an understanding that robotic solutions, including autonomous vehicles, automated picking systems, and robotic arms, can significantly improve efficiency and accuracy in handling tasks like sorting, packing, and transportation. These technologies have the potential to increase speed, precision, and safety while reducing operational costs.
The 6% response indicates a nascent interest in adopting Robotics to streamline and optimise specific functions within the supply chain. Although a smaller percentage, the enthusiasm for Robotics highlights growing recognition of its potential to drive innovation and improve productivity. This is in addition to addressing labour challenges in certain areas of supply chain management. This technology holds promise for those keen on integrating automation to augment operational capabilities within the supply chain.
B2BE’s experience in the supply chain sector allows our customers to build, expand and adapt successfully, enabling greater effectiveness. To engage with B2BE and offer feedback on what matters most to you and your business, make sure to follow us on LinkedIn and across social media. You can also vote in our latest LinkedIn poll. If you’d like to discuss your supply chain strategy, get in touch with us.