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New Technologies that will Impact Future Supply Chains

Technology has changed business for the better – it has allowed for more connectivity between employees and employers, made more information available, allowed for more streamlined storage of files, and increased analytical power of data. As technology continues to grow, change, and advance, the benefits of technology in business will continue to strengthen organizations.

One area that continues to develop in the face of technological advancements is supply chain management. The supply chain is key to many businesses – it can affect everything from the quality of your products to the speed of delivery to customers. Since the supply chain can have several points of impact on your company, it can be beneficial to take advantage of technological developments to get the most from the supply chain strategy.

The Future Supply Chains

The supply chain of tomorrow will be leaner, faster and most importantly, self-orchestrated. This unprecedented pace of change will be driven by a few radical technologies that will be cautiously adopted by industry participants over the next 15 years. This article discusses five new technologies identified from a comprehensive analysis of the future of supply chains.

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Michelle Lee Ean Wei, ADPSM
Michelle Lee Ean Wei has substantive years of experiences in the field of purchasing, inventory and logistics management, and specifically in the Marine & Offshore industry. She is a member of the Singapore Institute of Purchasing and Materials Management (SIPMM). Michelle holds the Diploma in Logistics and Supply Management (DLSM) from SIPMM. She completed a leadership course, the Advanced Diploma in Procurement and Supply Management (ADPSM), on April 2019 at SIPMM Institute.

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