The Ever-Changing Role Of Supply Chain And Logistics

supply chain and logistics

In supply chain and logistics, it can be easy to get lost in the details. The systems and relationships of good supply chain and logistics is a complicated system that requires many different steps for goods to change from raw materials into finished products. In order to understand these, we need to look at how they have changed over time.

The concept has gone through dramatic changes since its inception centuries ago. Originally, supply chain and logistics were primarily used by merchants who would transport goods on land or sea routes themselves, with few intermediaries involved in production processes other than wholesalers and retailers.

With the introduction of new technologies such as computers and robotics, supply chain and logistics industries have been reshaped dramatically so that there are fewer human hands involved along the way.

The Major Tech Changes In Supply Chain and Logistics

Over the years, there have been a few notable improvements being made in the realm of supply chain and logistics.

GPS

One such improvement to the status quo has been the introduction and incorporation of GPS technologies.

Introducing GPS has allowed supply chain and logistics chains to be more easily tracked, located, and monitored. This means that the location of goods can now potentially be located in real-time. The introduction of this technology has also caused a shift from old school management concepts such as outsourcing so much production work towards manufacturers on other continents.

The Internet Of Things (IoT)

Another major improvement is through the use of connected devices using IoT technologies via the internet cloud. With these connected devices being able to share data or information with each other across vast distances or locations, supply chain and logistics providers have become streamlined and made easier than ever before possible for those who utilise them correctly. Allowing interested parties involved along supply chain and logistics to gain access to necessary information and data to supply goods or services in an efficient manner.

Big Data

supply chain and logistics worker

With advancements like big data analytics becoming more prevalent among organisations looking to improve their supply chain and logistics management efforts, it has become easier than ever for companies to access information about where products come from as well as where they go after being processed by a company or system along the. This allows manufacturers an unprecedented ability to supply goods and services in a timely fashion.

Predictive Analytics

Predictive analytics is another technology that has been gaining ground among management efforts as it allows companies to look into the future to determine what could happen with their process based on current trends, market volatility etc. This makes it easier for many organisations to take action before problems arise rather than after they do so which can prove costlier or more inefficient overall.

What The Future Holds

With all of these advancements and changes taking place within the supply chain and logistics sectors across industries around the world, we may see some further monumental shifts over time such as faster deliveries thanks to unmanned vehicles being used by suppliers along an entire route or partial route.

Even further down the line, these systems may benefit from even more technological advancements that will allow for greater efficiencies and cost savings than ever before possible such as using blockchain technology to track products throughout their lifecycle where each item has its own unique digital footprint attached to it.

Wherever the technology goes, there is one undeniable certainty, the marriage of technology and industry is only getting stronger, and it’s exciting to imagine what could happen next.