Supply Chain Predictions for 2016
The global supply chain is ever-changing, affected by fuel prices, new technologies and world disasters. Here are some predictions for 2016.
Advanced analytics and learning technologies
While big data is all good and well, we need better analytics in place to make the most of this information. Alongside this we need learning technologies that can simulate supply chain scenarios and future trends. These analytics and predictive technologies will help businesses to optimize processes and improve efficiency.
More emphasis on quality, honesty and sustainability
Today’s consumers want to make sure the products they buy are safe and responsibly sourced. This means that many decisions they make will be bested on these factors rather than cost.
This will be front-and-center in the food industry, especially now that Nestle has announced the forced labor within its supply chain. Other food manufacturers will be taking steps to clean up their own supply chains.
More use of corporate cards
Businesses are increasingly looking for suppliers that take cards. This will help to streamline supply chain processes and will eliminate inefficient invoicing systems.
Business and consumer applications will become one
There are plenty of apps and technologies out there that allow individuals to increase productivity, pay for goods, set goals and more. Consumers are flooded with apps on a day-to-day basis and this is set to invade the business scene too.
There will be fewer separate apps out there are instead we’ll be seeing multipurpose technologies come to the fore.
The skills gap will be more directly addressed
As with many industries, there’s an obvious skills gap within the supply chain. This has been extensively covered over the years in the media but things are starting to change with more and more businesses hiring young talent they can train themselves.
For more information regarding supply chain management, please refer to the following links:
Judging by the Cover: The Importance of Sustainable Packaging
Sustainability in the Supply Chain
Sustainability in the Business World