July - 20206 MANUFACTURING TECHNOLOGY INSIGHTSSupply chains are becoming increasingly globalised and more complex. The raw materials and products pass through multiple suppliers, manufacturers, distributors, carriers and service providers, travelling across many geographical locations. Consequently, the supply chain is often unaware of how many trading partners are involved. In an ideal world, organisations know all parties in their supply chain network, within the broader business ecosystem, and trust them; however, this is not the case in reality. Against this backdrop, companies are seeking to exploit the benefits of greater levels of digitalisation, new and innovative technologies, such as blockchain and artificial intelligence (AI)/machine learning, to potentially and significantly disrupt their existing supply chain operating models.The supply chain management technologies are experiencing significant changes or reaching critical tipping points in capability or maturity as they enable counterfeiting, visibility/traceability and efficiency play. AI supports an organisation's vision for broader supply chain automation. Through self-learning and natural language, AI solutions can help automate various supply chain processes such as demand forecasting, production planning or predictive maintenance. Additionally, advanced analytics is also being deployed in real-time in areas such as dynamic pricing, product quality testing and dynamic replenishment. The availability of supply chain data, such as Internet of Things (IoT) data, dynamic sales information and weather patterns, provides the ability to extrapolate the current environment to better understand future scenarios and make profitable recommendations. IoT has a broad and profound impact on the supply chain in areas such as improved asset utilisation and higher uptime, improved customer service, improved end-to-end supply chain performance, or improved supply availability, supply chain visibility and reliability.From the first assembly lines to today's advanced robotic solutions, the supply chain process is constantly evolving. The latest trends in supply chain management technology focus on smart, tech-driven management to reduce operating expenses and increase efficiency. Although supply chain-related blockchain initiatives are nascent, with solutions in early stages of development, interest has accelerated significantly during the past year, making blockchain a top trend for supply chain leaders to watch in 2020.In this edition of Manufacturing Technology Insights, we bring to you some of the leading companies that have excelled through innovation in delivering the supply chain management technologies. We hope the inspiring success stories of these providers benefit our readers who are in pursuit of an ideal collaboration.Let us know your thoughts!Unlock the True Potential of your Value ChainEditorialCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Contact Us:Phone:510.936.8381Fax:510-894.8405Email:sales@manufacturingtechnologyinsights.comeditor@manufacturingtechnologyinsights.commarketing@manufacturingtechnologyinsights.com July - 01 - 2020, Vol 06 - Issue 19 (ISSN 2644-2493) Published by ValleyMedia, Inc. To subscribe to Manufacturing Technology InsightsVisit www.manufacturingtechnologyinsights.com Editor-in-ChiefLaura DavisEditorial StaffSalesVisualizerDavid ParkerAnnie Mathewsannie@manufacturingtechnologyinsights.comAva Gracia Peter ThomasRose DcruzAaron PaulTECHNOLOGY INSIGHTSTECHNOLOGY INSIGHTSLaura DavisEditor-in-ChiefManufacturing Technology InsightsWrite to useditor@manufacturingtechnologyinsights.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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