Question

I need to find something new/ emerging in the area of Supply Chain Management. i cant develop or design anything new. Anything already existing longer than one year or had been tried in one country/by one organization or for a product wont work. RFID, drone delivers and hyperloop are a few examples from the past.

Im just looking for some ideas, can be in bullet point form. Looking to brainstorm ideas.

Answer 1

Solution:

Some of the emerging trends in supply chain management that are going to pick up pace in 2020 are as follows,

• Digitization of supply chain & moving supply chain to the cloud helping use of IoT in supply chain management.
• Disruption of converting supply chain into omnichannel supply chains. This is the most seen trend in supply chain management in the world.
• Use of blockchain technology combined with big data to develop a supply chain network that can be monitored in real-time.
• Use of self-drive vehicles in supply chain logistics.
• Use of advanced robotics to 100% automate warehouse operations.
• Use of artificial intelligence in developing supply chain models that will automate the relations with suppliers and gauge them.

These are some of the broad areas on which companies around the world are running multiple projects that can turn out to be disruptive. It should be noted that these are the emerging trends that companies are looking to tap into to leverage these disruptive technologies to make their Supply chain management efficient.