The top 5 trends in SCM in 2024
Supply chain management has undergone significant changes in recent years due to technological advances and global challenges. According to a study by KPMG, almost 50% of companies will invest in applications that support artificial intelligence (AI) and advanced analytics capabilities in SCM in 2024.
Our world is constantly changing. Companies therefore need to be aware of what trends are coming their way and prepare to implement them in order to stay ahead of their competitors.
But what are the most important trends in 2024?
1. Risk resilience and disruption
Recent events have shown that risk resilience in supply chains is more important than ever. Instead of relying on suppliers from afar, many companies are now planning more regional supply chains. This move allows them to react more quickly to changes and reduce the risk of delays or problems.
2. Sustainability
Sustainability is a major concern for companies, especially in light of the new rules on ESG (environmental, social and governance). Companies must disclose how much CO2 they emit. And they are evaluating and monitoring their supply chains to collect this data.
3. Digitalization
According to a PwC survey in 2023, almost 86% of companies agreed that they should invest more in digital technologies to identify, track and measure risks in the supply chain.
4. Generative AI
One of the biggest trends in 2024 is generative AI (GenAI) and how it will transform supply chain planning and operations.
5. Software platforms for supply chain management
Software platforms such as anyLogistix simplify the way supply chains are planned and managed. With these platforms, even people with limited technical skills can make changes to their supply chain.
The above trends for 2024 lead to one clear conclusion: digital transformation is the key to smoothly functioning supply chains. The use of tools such as AI, digital twins or software platforms such as anyLogistix helps to make supply chains better and smarter.
You can find out more about supply chain modelling and optimization in our free web seminar on 16.05.2024 from 11:00-12:00 at https://www.semplan21.de/x/sip/index2.php?m=4029125&U=21&setf=1
Source: The AnyLogic Company
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