We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Simon says
Afterword

Simon says

February 22, 2020
Mitch Mac Donald
No Comments

When the clock struck midnight on December 31, 2019, a full 20% of the 21st century was left in the rearview mirror. That's a mildly astounding realization for those of us who spent much of our lives thinking of the 21st century as some far-off time in the future.

But, in fact, it's been 20 years since Y2K came and went. In those 20 years, we've seen a host of changes—mainly techno-changes—that have altered our lives, to say nothing of the way we practice logistics and supply chain management.

So, what will the next two decades bring? What changes will we see, and how will they impact the way logistics gets done?

For answers to questions like that, we're forced to rely on guesses—preferably educated guesses made by people smarter than ourselves. People like Simon Ellis, program vice president, global supply chain strategies at IDC and a true supply chain big thinker. His take is that where the supply chain is concerned, a lot more technology-driven change lies ahead. "Digital transformation is now the overriding priority for most manufacturers and retailers, with the adoption of digital technologies aimed [at] improving efficiency and effectiveness ... while providing the opportunity to either disrupt their market segment or be resilient to others that may try," he notes.

As for what supply chain IT investments they'll make, Ellis offers the following 10 predictions for 2020 and beyond:

Prediction 1: By the end of 2021, half of all manufacturing supply chains will have invested in supply chain resiliency and artificial intelligence, resulting in productivity improvements of 15%.

Prediction 2: By 2022, firms will dedicate 35% of their logistics business process outsourcing services budget to process automation, focusing on order, inventory, and shipment tracking.

Prediction 3: By the end of 2020, half of all large manufacturers will have automated supplier and spend data analysis, resulting in a 15% procurement productivity gain.

Prediction 4: By 2023, supply chain micro-application extensions will account for one-third of all new technology investments in manufacturing and retail.

Prediction 5: By 2023, 65% of warehousing activities will use robots and situational data analytics to enable storage optimization, increasing capacity by over 20% and cutting order processing time in half.

Prediction 6: To lessen stress on the service supply chain, by 2023, 25% of original equipment manufacturerswill leverage blockchain to source spare parts, improving accuracy by 60% and lowering expediting costs by 45%.

Prediction 7: By 2023, 60% of G2000 manufacturers (those included in Forbes' "Global 2000" ranking of the world's largest public companies) will invest in artificial intelligence-infused robotic process automation in order to increase productivity and address the supply chain skills deficit.

Prediction 8: By 2024, 75% of all consumer-facing companies will have developed the ability to customize at scale within their supply chains, resulting in, on average, a 2 to 3 percentage point increase in market share.

Prediction 9: By 2022, the number of companies offering flexible warehousing options will have increased by 50%, which can help address seasonal demand challenges and lower fixed overhead costs by over 20%.

Prediction 10: By 2024, for transparency and efficiency, 40% of customs agencies will join private blockchain and API (application programming interface)-powered trade platform ecosystems to achieve a 50% increase in cross-border compliance.

Check back with us in 2039, and we'll see how Simon Ellis fared as a supply chain prognosticator!

 

    • Related Articles

      Talent hunter

      When being smart is not enough

      The customer's warrior

    Mitch Mac Donald is Group Editorial Director of AGiLE Business Media.

    Recent Articles by Mitch Mac Donald

    Thought I’d something more to say …

    Sorry folks, this is not normal

    Overdue appreciation

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Wabash opens trailer manufacturing facility in Indiana

    • Six defining challenges of omnichannel fulfillment

    • Postal advocacy group says “excessive” July 9 stamp price hike will hurt consumers

    • California bill would require large corporations to disclose their greenhouse gas emissions

    • Panorays extends risk management throughout the digital supply chain

    Featured Video

    8757b894 244c 4429 b5d8 e6df7b479d82

    Penalties for Wood Packaging Material Violations

    Viewer Contributed
    Our Services Include: Customs Broker Denver Freight Forwarder Denver Global Logistics Denver Cargo Insurance Denver Customs Bond Denver Customs Clearance Denver Customs Duty Denver Isf Filing Denver More details: Phone : 281-445-9779 Email: info@gallaghertransport.com Website: gallaghertransport.com

    FEATURED WHITE PAPERS

    • Five questions to ask before electrifying your indoor forklift fleet

    • Operator assist system myths busted

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing