Lets Get Digital: Supply Chains Get Smarter
By 2019, 50 percent of manufacturers will collaborate directly with customers and consumers regarding new and improved product designs through cloud-based crowdsourcing, virtual reality, and product virtualization, realizing up to a 25 percent improvement in product success rates.
By the end of 2020, one-third of all manufacturing supply chains will use analytics-driven cognitive capabilities, thus increasing cost efficiency by 10 percent and service performance by 5 percent.
And, by 2020, 80 percent of supply chain interactions will happen across cloud-based commerce networks, dramatically improving participants’ resiliency and reducing the impact of supply disruptions by up to a third.
These statistics from Material Handling & Logistics are part of a broader picture of dramatic changes in industry.
“Manufacturers of every size and shape are changing rapidly because of new digital technologies, new competitors, new ecosystems, and new ways of doing business,” said a researcher and vice president with IDC Manufacturing Insights. “Manufacturers that can speed their adoption of digital capabilities in order to create business value will be the leaders of their industry.”
Technologies that will have the greatest impact include cloud, mobile, Big Data and analytics, and the Internet of Things (IoT). Manufacturers also have high expectations for the business value of technologies that are in earlier stages of adoption, such as robotics, cognitive computing/artificial intelligence (AI), 3-D printing, augmented reality/virtual reality (AR/VR), and blockchain.
See the complete from Material Handling & Logistics.
Source: mlhnews.com