Be On the Lookout for These New Emerging Supply Chain Technologies and Trends
Whether it’s automated warehouse equipment or integrated software systems, there’s a constant stream of trends affecting supply chain management today. Keeping up with these changes is essential in order to meet increasing customer demands.
What’s on the horizon for 2019? Here are some supply chain trends to focus on over the next twelve months.
Emerging Technologies
High-tech innovations continue to reshape every facet of the supply chain industry. Drones, artificial intelligence and highly developed robots are part of the next wave of technology making its way into warehouses and transportation.
Supply Chain Visibility
Ebbs and flows such as seasonal business have traditionally made it difficult to forecast supply chain workloads. Features such as the Internet of Things (IoT) and Big Data give managers real-time information they can use to accurately predict demand shifts and respond quickly to problems.
Sharing Economy
As retailers look for ways to be flexible enough to accommodate customer demand while keeping costs low, on-demand warehousing and logistics is seen as a viable solution. The sharing economy is projected to grow from $14 billion in 2014 to $335 billion in 2025.
Evolving Customer Channels
Change in customer channels has actually been an ongoing trend over the last few years. Traditional brick-and-mortar retail continues to move into direct-to-consumer, with 40 percent of brands now selling DTC. By the year 2025, DTC sales are expected to reach $130 billion.
Warehouse Equipment for Today’s Supply Chain Needs from DJ Products
While many elements of the supply chain may change, one constant is the need for efficient, reliable and safe warehouse equipment. We offer a full line of electric tugs, movers and pushers to suit any application. Visit our website for immediate assistance from our friendly sales engineers.