What Are The Recent Trends In Supply Chain Management?

• Artificial Intelligence and Automation. …
• Increased Focus on Sustainability. …
• Customization. …
• The Internet of Things. …
• Digitization. …
• Strengthened Relationships. …
• Risk Management and Resiliency. …
• Increased Visibility.

What are the recent challenges of supply chain management?

1. Material scarcity. Insufficient inputs have been a concern since the pandemic began, due to an abrupt rise in consumer demand like never before. …
2. Increasing freight prices. …
3. Difficult demand forecasting. …
4. Port congestion. …
5. Changing consumer attitudes. …
6. Digital transformation.

What are the new technology and emerging trends in supply chain management?

• Big data. Massive amounts of data are generated every single day. …
• Artificial intelligence and machine learning. …
• Internet of things (IoT). …
• 5Gs. …
• The Cloud. …
• Advanced supply chain management software.

What are the latest trends in logistics?

• Robotics. …
• Last-Mile Delivery. …
• Warehouse Automation. …
• Blockchain. …
• Big Data & Data Analytics. …
• Cloud Computing. …
• Autonomous Vehicles. …
• Elastic Logistics. Elastic logistics enables companies to handle supply chain operations with more efficiency during periods of fluctuation in demand.

What are the seven new trends in supply chain technology area?

• Stronger AI. Automation has been a trend in almost all industries since the previous decade. …
• Wider adoption of blockchain. …
• End-to-end IoT. …
• Robotic automation. …
• Smart contracts. …
• Agile supply chains. …
• Layered technologies.

What is the new technology in supply chain?

Artificial and Augmented Intelligence

Shippers, carriers, suppliers, and consumers can all expect to benefit from these logistics technology trends continuing in 2021. Along with AI, Augmented Intelligence is also expected to spike in use. Augmented intelligence combines human intelligence with AI automated processes.

What is the latest supply chain technology?

• Cloud Computing and AI.
• Robotic Process Automation.
• Internet of Things.
• Cloud Computing and AI.
• Robotic Process Automation.
• Internet of Things.

What are the 5 biggest supply chain challenges?

• Customer Service. Customer service still remains the center of supply chain management. …
• Cost Control. …
• Planning & Risk Management. …
• Supplier/Partner Relationship Management. …
• Talent.

What are the 7 key issues of supply chain management?

• Quality Customer Service. The supply chain management is centralized on the needs of the customers. …
• Costing. …
• Risk Management. …
• Supplier Relationship. …
• Qualified Personnel. …
• Unforeseen Delays. …
• Fast-Changing Markets.

What are the major areas of conflict in supply chain management?

In general, conflict is widespread within and among the supply chain partners, and there are some kinds of conflict arisen in the supply chain because of following reasons, (1) differences in objectives; (2) lack/scarcity of trust among the partners;

(3) use of coercive power and strategies by chain members, (3)

…

How is AI used in supply chain?

By implementing AI in supply chain and logistics, supply chain managers

can enhance their decision making by predicting building-up bottlenecks, unforeseen abnormalities, and solutions

in order to streamline production scheduling that otherwise tends to be highly variable due to dependencies on manufacturing operations …

What are the elements of SCM?

Supply chain management has five key elements—

planning, sourcing raw materials, manufacturing, delivery, and returns

. The planning phase refers to developing an overall strategy for the supply chain, while the other four elements specialize in the key requirements for executing that plan.

What are the ethical issues in supply chain management?

• Freedom of employment and association.
• The eradication of child labour.
• Safe and hygienic working conditions.
• Appropriate pay and working hours.
• Humane and non-discriminatory treatment.
• Anti-bribery and corruption.
• Environmental awareness.

What is difference between transport and logistics?

Transportation is the movement of goods and logistics is the management of the inward and outward transportation of goods from the manufacturer to the end user. … Logistics and transportation deals

with getting products and services from one location to another

.

What is new in logistics and transport?

Intelligent

Transportation Systems

.

Robotic Process Automation

. Predictive solutions (e.g. for maintenance and deliveries) Blockchain and all Distributed Ledger Technologies.

What are types of logistics?

• Inbound Logistics.
• Outbound Logistics.
• Third Party Logistics.
• Fourth Party Logistics.
• Distribution Logistics.
• Reverse logistics.