There’s no denying that the supply chain industry is a booming industry. More and more people venture into supply chain as businesses expand and grow their needs. With the continuous growth of digital technologies, the face of supply chain is being revolutionized, providing better opportunities to the industry and to the sectors they serve.
People in the industry and businesses that rely on supply chain services need to keep themselves abreast with trends and changes. This is essential in surviving in the growing competition in the market and providing their company the edge to advance and be at the forefront of the industry. Here are some of the biggest trends and shifts in the supply chain industry that you need to know.
Advanced data visualization
While data visualization has long been a key element in tech solutions in the supply chain processes, it is now given more focus than ever. It is a vital ingredient in providing users easy information so that they can make quick decisions and adjustments. Through advanced data visualization, it is easier to create reports for supply chain managers and other officers involved in the process. This is especially helpful when it comes to improving delivery systems and taking advantage of partner companies’ services.
Shift to sustainable practices
Key players in the supply chain industry have started to realize the need to adapt sustainable practices. These practices are not only beneficial for the company to save costs and resources but also a good step to be one with the global trend of sustainability. Therefore, this shift also highlights the importance of taking responsibility of the company’s impact to the economy and even to the environment.
Sustainable practices include waste control and reduction, as well as stricter implementation of regulation in terms of fuel consumption, driving time, deadhead, and such.
Social media use
The popularity of social media has ushered change in the way man lives. This is particularly true when it comes to commerce, as pointed out by logistics tech provider gravity supply chain. Social media is now seen as a powerful tool to make supply chain management many times more effective than before. Supply chain managers can use different online platforms to see what consumers are saying about their products. At the same time, social media sites are convenient ways to connect with consumers, which is an efficient way to engage bigger audience and foster relationship.
In this fast-paced world, it pays to be always on the lookout for what’s new. As people in the supply chain industry, being aware of the current trends is the key to evolving into a more competitive and more efficient organization.