Structure of Future Supply chain for 2019

Dr.D.SathishKumar, Professor, SIMS

            Transformation of Supply chain is needed in today’s world. The external and internal factors of a company force them to look into the future supply chain structure and challenges. The factors which make an impact on future supply chain are

• Emerging technologies
• Supply chain visibility
• Shared economy
• Evolving customer channels

Emerging Technologies: Transportation in logistics is most important and unchangeable facts, but new methods or technologies are needed. Drones, Autonomous Intelligence and Robotic automation will ultimately transform logistics transportation and warehousing methods, which can create an impact on future.

Supply Chain Visibility: Internet of Things, Big data, Data Transparency are the tools which make the organization to view and gain the real time status and functions of supply chain network participants. It focuses not only on problems but prevent them more effectively. Data in supply chain can draw the short term and long term improvements.

Shared Economy: Demand for warehousing and demand for logistics will allow organizations to be more flexible in how they operate their supply chain. Lower Capex and higher flexibility will likely to be attractive for organizations that are in quickly developing industries.

Evolving Customer Channels:  Vision and Mission of the companies are changing everyday. Companies are changing from traditional method to new methods of selling the products directly to the customers. This will have a major impact of the business and companies have to look into the evolving channels of the supply chain to be competitive.