Large suppliers and logistics operators will have to prepare themselves for major catastrophes such as weather events (fires, flood, tsunami and so on), lethal pandemic outbreaks, strikes, social unrest and associated disruptions. Today, sustainability is a key factor many companies address as they introduce new products. A connected supply chain that utilises optimised logistics can adjust itself to new information and make the necessary accommodations. Supply chain veteran. Exhibit 3 "Future of Logistics & Supply Chain Summit & Awards 2022" is a premium knowledge exchange platform which brings senior stakeholders from logistics & Supply chain background from across the industry sectors, to explore the trends and best strategies with latest cutting edge technologies to ensure optimal utilization of entire logistics funct. Supply Chain employees must have a working knowledge of any one or all of Planning, Procurement, Category/Commodity Management, Supplier Relationships, Logistics, Sourcing, Quality Management, Warehousing, Inventory Management or anything else Supply Chain related. The presentation will cover the key supply chain highlights . This can help enhance overall supply chain performance. And to them, the future of supply chain also includes the future of the world. What is the future of logistics and supply chain in India? . Science of Supply Chain, Delivered. KPMG believes that future success for supply chain depends upon being purpose-built and built to last. From a Shareholder to a Stakeholder Economy: SUPPLY CHAIN & LOGISTIC TRANSFORMATION SUMMIT "Transforming SC and Logistics through the rapid adoption of new capabilities and digital" 23rd - 25th of November 2022 Munich, GERMANY BROCHURE REGISTRATION SPONSORSHIP BOOK A STAND From a Shareholder to a Stakeholder Economy: SUPPLY CHAIN & LOGISTIC TRANSFORMATION SUMMIT "Transforming SCSupply Chain . Supply chain management will continue to face disruptions in 2022 and beyond. 67% of organizations have defined environmental and social sustainability KPIs they expect supply chain leaders to be accountable for. Future Trends in Supply Chain & Logistics, 1. Politically, environmentally and economically, the world is facing an array of systemic threats. Foundation for Future Supply Chain | FFSC The Need for New Thinking. The Internet of Things (IoT) and The Future of Supply Chain Management. Welcome to the future of shipping and logistics. . The latest trends in supply chain and logistics focus on smart, tech-driven management to reduce operating expenses and increase efficiency. Many innovations have already been introduced and new technologies will be further developed, thus simplifying processes and increasing the stability of the supply chain worldwide. We're bringing together the greatest minds in the transportation, logistics and supply chain industries to share insights, predict future trends and showcase emerging technology at The Future of Supply Chain. That's why inventory tracking is one of the main focuses of the industries out there. Ultimately, this evolution will look different for every CPG company. According to the World Economic Forum report, the logistics sector is expected to grow by 6.4% annually until 2023. Logistics and finance are changing in today's world significantly thanks to blockchain technology. According to 'Logistics Market in India 2015-2020' by market researcher Novonous, India's logistics industry is worth $300 billion. of the augmentation of human sources and supplier demand with skilled labor make it already necessary to deal the supply-chain and logistics management in a strategic dimension. This will be driven by increased demand for consumer goods, strong trade links between countries, and improvements in technology such as automation and the Internet of Things (IoT). Get news, papers, media & research, delivered. What the future of the supply chain holds Whether Coronavirus or Trade Wars, Climate Change or Cyber Crime, Supply Chains are central to the challenges of the next decade and beyond. In order to build this future, companies need to rethink how they design products from end to end; they also need to use new technologies in innovative ways that will help them stay competitive while meeting customer expectations. Future Supply Chain (FSC) is India's first fully integrated and IT enabled end-to-end Supply Chain and Logistics company in India with capabilities in handling Modern Warehousing, Express Logistics, Cold Chain and E-Commerce Logistics. If the pandemic has proven anything, it's the determination and ability of manufacturers to adapt and seize momentum even in the most demanding of circumstances. Outsourcing is rapidly becoming one of the dominant practices in commercial businesses today, particularly in logistics [1]. The term entails the digitization of the industrial sector, resulting in the digitization of the physical elements and how they work. One of the biggest challenges threatening the integrity of SCM is the cost of goods and the cost of shipping. Moving into 2019, trends suggest that firms will prioritize sustainability, carbon footprint reduction, and supply chain transparency. At the event, Steve Melnyk, Ph.D., will discuss Culture Eats StrategyAnd How to Deal . In turn the Supply Chain leaders were able to better experience the Business Unit's operational challenges to customers . Supply Chain Resilience, 9. Through 2025, 25% of supply chain decisions will be made across intelligent edge ecosystems. Coordination & Collaboration, 6. Having spent a large part of her career working in senior roles for Avon, Johnson & Johnson and SC Johnson, where she took care of manufacturing, supply chain, marketing and customer services for the Asia-Pacific and European regions, Joyce is highly qualified to deepen LF Logistics' connections to large multinationals. The complexity and diversity of supply chain risks require smart management tools, and leading companies are applying a range of new techniques, from digital alerting systems to track potential disruptive events to risk "heat maps" that help them focus their attention on high-risk regions and suppliers. Read more: CSCOs Must Prepare for the Future of Supply Chain. And also Indian logistics market itself is estimated to grow at a CAGR of 12.17 per cent by 2020, as per the report. Students want to know that your company understands the trends and challenges that were already reshaping supply chains and has a vision for how to address them. The future of supply chain management through 10 trends, Technology complements teams, IoT makes warehouses smarter, Pre-fulfillment speed becomes vital, Customization along the supply chain, Inventory flow optimization, Further optimization of working capital, Enhanced relationships with suppliers, Blockchain provides universal visibility, Environmental Impact of Logistics Recent Black Swan events have exposed vulnerabilities within some of the world's best-run supply chains. We also saw results from the research firm's annual ranking of top North American university programs. The KPMG Target Operating Model (TOM) helps organisations execute an . Companies spend a lot of money to make it perfect and efficient. The Future of Supply Chain TAKING LOGISTICS TO THE NEXT LEVEL MAY 9-10, 2022 ROGERS CONVENTION CENTER IN-PERSON EVENT FreightWaves is shaking up the industry once again with an all new freight experience. Seasoned third-party logistics providers know that the future of supply chain management lies in a more customer-centric approach. Inventory Tracking, Inventory tracking is complex. Future success for supply chains depends upon being purpose-built and built to last. To eliminate single-source dependencies, and to establish a flexible and adaptable supply chain, product integrators, sub-system suppliers and component suppliers will source, assemble and deliver from their own backyards. Share In 2020 the Global Logistics market was valued at almost 6.5 trillion. Navigate your supply chain with greater . Even before the impact of COVID-19, the e-Commerce boom, trade tensions, and new technologies made supply chain and logistics one of the hottest areas in business. The data collected helps in tracking the items in an error-free way. MIT CTL has made significant contributions to the field of supply chain and logistics management and has helped numerous companies gain competitive advantage from its cutting-edge research. The road to everywhere: The future of supply chain It also helps manufacturers with possible implications across various scenarios in terms of time, cost, and revenue. Prominent players or small daring startups launch blockchain projects for logistics, but the technology will become . Supply chains worldwide are picking up the pieces and charting new territory. Based on the importance of management of . Here is a view of the top five Frost & Sullivan has identified from its comprehensive analysis on the Future of Logistics. Elastic logistics uses automation processes in picking and packing . .. Blockchain for Tracking & Tracing, 7. To ensure stability and maintain high service levels, companies must . The Future of Supply Chain and Logistics Management in the Strategic Organizations: Contractor Companies and New Generation Suppliers. Answer (1 of 4): In the past Singapore is doing pretty well in being one of the most centrally located places on earth, with a hard working work force and efficient port authority. | FSC is one of India's largest organised third-party supply chain and logistics service . To start with, Tamara suggests keeping a close eye on 5G technology in supply chain management. For example, maybe a slightly more expensive but much greener and more reliable route is better overall. As supply chain and logistics technology advances, our responsibility to sustain the world around us becomes more and more of a priority. Future Supply Chain Solutions Limited | 75,967 followers on LinkedIn. The blockchain in the supply chain will surely help save millions of dollars. Future-ready supply chains are customer-centric, can operate in the ever-changing digital world with agility and do so profitably in order to be a revenue driver for the business. The logistics and supply chain industry will see a massive surge in research, technology, and forecast modeling as companies prepare to improve their supply chains' resiliency. The upcoming Supply Chain Outlook Summit will feature 10 different speakers who have their fingers on the pulse of the most important changes impacting supply chain management over the next 2-3 years. The command center approach using scenario plans allowed for Supply Chain leaders to be at the table allowing them to educate those involved regarding the challenges and complexity of procurement, warehousing and logistics. This basic knowledge is essential because the Supply Chain experts are the ones . However, we are just at the beginning of a long journey. Contact us today to accelerate your digital transformation journey. Making supply chains seamless. Our 34-week Post-graduate Diploma in Supply Chain and Logistics Management will get you ready for a career in supply chain and logistics. The supply chain as we know it today is a convergence of various processes that must come together to complete a task. Sentience is another key features of future #supplychains, which means they must sense . Stay up-to-date with news and resources you need to do your job. The Supply Chain of the Future is a call-to-action for manufacturers, retailers, and consumers to change their habits. Top 10 Future Trends in Supply Chain and Logistics, From the first assembly lines to today's advanced robotic solutions, the supply chain process is constantly evolving. Customization, 3. Post-pandemic Resilience. To give an example, the potential for proactive adjustments could mean that a weather delay causing issues to shipment processes can be resolved automatically, in real time. While the study looks at three scenarios for the industrytechnology,. Supply chain management, logistics, and procurement help businesses stay competitive by helping track and coordinate the cost-effective and efficient movement of goods and services, which is key to the profitability of an organization. 5G's faster speed and reduced . They are paying attention to whether you were agile and innovative in the current crisis or if you were lost. This means newer, more significant investments and plans for prevention to protect companies and employees from disruptive events in the future. At least in container shipping. This premiere event will include exclusive VIP experiences, rapid-fire demos, interactive sponsor . CTSI-Global's advanced softwaresuch as Honeybee TMS, our proprietary TMSgives companies the data-driven insights they need to build cost-efficient and eco-friendly business models. 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