Currently, the majority of companies do not use any technology to monitor their supply chain performance. The correct technology, enabling integration between solutions and data, is the key.

One Network Enterprises (ONE) said that its NEO Assistant tool is the world’s first artificial intelligence supply chain assistant.

Forty percent of the high performers surveyed said that they are using AI/ML for demand forecasting, while that figure came in at just 19% for the lower performers.

Manufacturers looking to deploy IoT in that time should partner with specialists to help them deliver their vision.

Respondents expressed optimism in the economy, and more than 50% say they’ve seen a “greater focus and understanding of supply chains” from those in the C-Suite.

Third-party logistics (3PL) organizations are facing a more challenging operating environment. The sheer number of orders is increasing rapidly — and more of them consist of small quantities that threaten to overwhelm information processing systems.

As the technology has advanced and become more available, 3D printing is expected to become an integral part of many industries’ operations and could ultimately help companies achieve sustainability goals.

Further, despite the global emphasis on sustainable practices, the study reveals low prioritization of sustainability among logistics companies.

By leveraging advanced and predictive analytics, organizations will be able to identify potential disruptions before they materialize.

As trends like social commerce and personalization continue to proliferate, more APIs will be necessary to “wow” customers with exceptional shopping experiences. But there's a security risk.