SUPPLY CHAIN AND TRANSPORTATION TRENDS TO WATCH OUT IN 2023
INCREASED USE OF BLOCKCHAIN TECHNOLOGY
More and more businesses will be integrating blockchain technology to make their supply chain transparent.
MORE INTEREST IN IOT
IoT devices can help shippers monitor the movement of their shipments.
The technology can help companies monitor shipments and cargo conditions.
IoT devices can reduce downtime and improve supply chain efficiency.
SUPPLY CHAIN MANAGEMENT AUTOMATION
Automation will be used to eliminate the need for human labor in some areas. It will
Help reduc e costs 1 Streamlin e processes 2 Improve efficiency 3 Reduce errors 4
DIGITAL TRANSFORMATION OF THE SUPPLY CHAIN
In 2023, more companies will work to make their supply chains transparent and use automation, blockchain technology and IoT for the same. They will have to embrace technology for all these to be integrated with the supply chain.
PRIORITIZATION OF RISK MANAGEMENT AND RESILIENCE
Some companies may deploy tools for predicting any risks so they can handle them when the time comes. Others may go for diversification of freight transportation and suppliers.
As we move into 2023, be sure to stay ahead of these supply chain and transportation trends, so your business isn’t affected by any supply chain disruptions.
