Technology is increasingly revolutionizing supply chain processes around the world.
A global survey conducted by Loftware of more than 300 supply chain, labeling, and packaging professionals revealed that 52% of companies indicated that their critical business applications are hosted in the cloud and 76% indicated that Artificial Intelligence (AI) will be an important part of their supply chain within the next three years. This demonstrates the importance of investing in cutting-edge technologies to optimize and streamline operations in this sector.
Technologies that are driving this change in supply chains include AI, cloud computing, and the Internet of Things (IoT). These technologies facilitate business growth and streamline supply chain operations. In fact, the shift in prioritization is being driven by ongoing supply chain disruptions, demand for sustainability, and increased consumer expectation.
Experts’ views on the role of technology in the supply chain
“As companies plan for 2024 and beyond, the combination of geopolitical uncertainties, climate instability, and the threat of recession continues to affect businesses of all sizes,” said Josh Roffman, Executive Vice President of Marketing for the labeling company. “Organizations are dealing with disruptions that extend far beyond traditional scopes, requiring strategic recalibration to weather the storm and emerge stronger in the face of adversity,” he added.
In this context, it is a priority for companies to reinforce digital transformation strategies by investing in innovative technologies. This will optimize operations, increase profitability, and drive organizational growth. According to Gartner data, global end-user spending on public cloud services is expected to increase by 20.4% over the next three years, reaching $678.8 billion by 2024.
Sustainability as a strategic priority for the future
Sustainability has also become a strategic priority for companies. The report revealed that 78% of the organizations surveyed have already adopted sustainability initiatives due to increased regulations and changes in consumer preferences. Seventy-seven percent believe that stricter regulations and compliance requirements are driving the implementation of sustainable practices; while 82% say that consumers and their preferences for sustainable products are driving this change.
In addition, the report highlights the importance of transparency in the supply chain to promote better sustainability practices. In this sense, Industry 4.0 will continue to have a significant impact on companies and their manufacturing operations.
In conclusion, the global survey highlights how technology is driving the rise of supply chains around the world. The adoption of technologies such as AI, cloud computing, and IoT allows companies to optimize their processes, adapt to new market demands, and promote sustainable practices. To ensure success in this new context, it is essential that organizations invest in innovative technologies and enhance their digital transformation.
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Source: Encuesta global destaca el aumento de las cadenas de suministro impulsadas por la tecnología
