In a future where autonomous vehicles will be in wide use, an array of complementary services and technologies—autonomy "ecosystems"—will be needed to support them. Supply chain leaders should start thinking now about how their companies and employees can participate in these revolutionary new opportunities.
Big data analytics implementations are up, but satisfaction with those implementations is down, according to a recent survey. Why are companies frustrated with their attempts to harness the power of large sets of supply chain data?
A simple but revolutionary change in the process of negotiating procurement contracts can dramatically improve a buyer's position. Getting legal experts involved right from the beginning saves time, allows for a better assessment of proposals, and may lead to more favorable contract terms. Above all, it ensures fully informed decisions.
While additive manufacturing (or 3D printing) has the potential to greatly reduce shipping costs and make operations more efficient, it can also make the supply chain more vulnerable to cyberattacks and counterfeiting. Blockchain technology may hold the answer for increasing security.
New packaging technologies have the ability to monitor a product and its environment and act on any changes in the two. These innovations have the potential to dramatically improve supply chain operations, but companies must first overcome some significant challenges.