The supply chain spans three major industries, involving a wide range of industries and a large number of companies. If it is said that it is the largest area of ​​change in the next decade, it is not an exaggeration.
With the innovation and development of digital technology, today's supply chain is no longer simply transporting raw materials and products from one place to another, but is the most complete embodiment of new technology applications in the era of Industry 4.0.
Increasingly sophisticated digital technologies are changing every link in the supply chain. All actions and actions in each link will become controlled digital forms. This will make supply chain management more open, transparent, and visual, and management and coordination will work. It is more flexible and easier to control, thereby maximizing work efficiency, and helping companies extend their business to all parts of the world to achieve truly global operations.
As a huge area related to national economy and people's livelihood, the supply chain will also accept the baptism of new technologies and enter the next new stage of development. Technologies such as Internet of Things, artificial intelligence, robotics, blockchain, 3D printing, and wearables will also begin to take root in the supply chain.
So what are the new technologies that are driving the development of the supply chain? What are the application status and expectations of these new technologies? What are the obstacles in the application of technology? Recently, MHI and Deloitte Consulting cooperated to launch the report “Breaking the Barriers to Next-Generation Supply Chain Innovationâ€.
The report conducts research on the executives of more than 1,100 leading companies in the global manufacturing and supply chain industries to understand the attitudes and processes of these companies to embrace various digital technologies. It also proposes practically three obstacles to the application of new technologies.
I. 11 Key Innovative Technologies This report analyzes 11 key innovations that drive the next generation of digital supply chains.
Robots and Automation: Computer-controlled machines perform a series of actions or tasks to increase work efficiency.
Big data and predictive analytics: Use large amounts of data from new technologies to predict future events or potential problems and make improvements.
Internet of Things: Applications of various types of sensor devices and systems can enable real-time data transmission and communication.
Artificial Intelligence: Unleashing the potential of workers by using AI to perform traditional modelled work or tasks.
Self-driving vehicles and drones: Increase productivity through automated equipment, such as deploying autonomous vehicles in the factory and automatically calculating inventory.
Wearable and mobile technology: Technology such as industrial smart glasses, gloves or clothing can help increase worker productivity in the face of labor shortages.
Inventory and Network Optimization: Establish a platform that connects and optimizes all data that companies collect through emerging technologies.
Sensors and Automatic Identification: RFID-based RFID technology can eliminate manual operations in the quality assurance process at all stages of the supply chain and increase the visibility of SKU levels.
Cloud computing and cloud storage: Cloud computing and cloud storage can help companies outsource the data collection and storage costs required to manage emerging technologies.
3D Printing: Through the use of new manufacturing methods, one-step production of products, and gradually reduce the steps and raw materials required for the production of small parts.
Blockchain: Distributed ledgers can record transactions and ensure their integrity.
Second, the application of new technologies and future expectations of the survey show that: The above-mentioned innovative technologies will play a very important role in reshaping the future supply chain. In addition, nearly 80% of respondents believe that the new generation of digital supply chain will become the mainstream model in the next five years. At the same time, respondents believe that many innovative technologies may undermine the status of the supply chain and create lasting competitive advantages for the companies that use them.
Overall, at present, the three technologies of cloud computing and cloud storage, sensors and automatic identification, inventory and network optimization have the highest adoption rate among enterprises and will become the most popular technology in the next five years.
It can be seen that for the technologies that are still in the early stage, advance research and layout are very important for large enterprises.
Third, the three major obstacles faced by the digital supply chain This report also interprets the three major obstacles that the digital supply chain may face in the future.
1. Lack of business case for the next generation of supply chain applications The investment and application of new technologies by enterprises is a relatively ambiguous process, and it is difficult to make an accurate analysis of the expected input costs and revenue returns. Especially in the early application of new technologies, the information on the costs and benefits obtained is often imperfect and inaccurate.
Therefore, those successful business cases will help provide a valuable reference for the company's new technology applications.
2. Supply chain skill gaps and labor shortages The talent shortage is a long-standing problem in the supply chain industry. How to find, hire and retain talent is the biggest challenge for supply chain companies.
Deploying new technologies means that companies must completely renovate the traditional supply chain work, and need to find corresponding technical personnel or upgrade and train existing personnel to support the next-generation supply chain, while internal personnel management in enterprises will face adjustments and training. A series of complicated issues.
3. Supply chain digital trust and security digital innovation technology can accelerate enterprise delivery efficiency, increase flexibility, optimize inventory, and improve customer satisfaction and loyalty, but the entire process of supply chain digitalization also means that companies will face network trust and network The risk of security. Therefore, various network risks will also become major issues that enterprises must consider when applying new technologies.
In short, the adoption of innovative technologies is a continuous process, and innovation results cannot be achieved overnight. How to constantly correct and solve problems in application and practice is the way to deal with new technologies. The application of new technologies in the supply chain is also inseparable from this path.
With the innovation and development of digital technology, today's supply chain is no longer simply transporting raw materials and products from one place to another, but is the most complete embodiment of new technology applications in the era of Industry 4.0.
Increasingly sophisticated digital technologies are changing every link in the supply chain. All actions and actions in each link will become controlled digital forms. This will make supply chain management more open, transparent, and visual, and management and coordination will work. It is more flexible and easier to control, thereby maximizing work efficiency, and helping companies extend their business to all parts of the world to achieve truly global operations.
As a huge area related to national economy and people's livelihood, the supply chain will also accept the baptism of new technologies and enter the next new stage of development. Technologies such as Internet of Things, artificial intelligence, robotics, blockchain, 3D printing, and wearables will also begin to take root in the supply chain.
So what are the new technologies that are driving the development of the supply chain? What are the application status and expectations of these new technologies? What are the obstacles in the application of technology? Recently, MHI and Deloitte Consulting cooperated to launch the report “Breaking the Barriers to Next-Generation Supply Chain Innovationâ€.
The report conducts research on the executives of more than 1,100 leading companies in the global manufacturing and supply chain industries to understand the attitudes and processes of these companies to embrace various digital technologies. It also proposes practically three obstacles to the application of new technologies.
I. 11 Key Innovative Technologies This report analyzes 11 key innovations that drive the next generation of digital supply chains.
Robots and Automation: Computer-controlled machines perform a series of actions or tasks to increase work efficiency.
Big data and predictive analytics: Use large amounts of data from new technologies to predict future events or potential problems and make improvements.
Internet of Things: Applications of various types of sensor devices and systems can enable real-time data transmission and communication.
Artificial Intelligence: Unleashing the potential of workers by using AI to perform traditional modelled work or tasks.
Self-driving vehicles and drones: Increase productivity through automated equipment, such as deploying autonomous vehicles in the factory and automatically calculating inventory.
Wearable and mobile technology: Technology such as industrial smart glasses, gloves or clothing can help increase worker productivity in the face of labor shortages.
Inventory and Network Optimization: Establish a platform that connects and optimizes all data that companies collect through emerging technologies.
Sensors and Automatic Identification: RFID-based RFID technology can eliminate manual operations in the quality assurance process at all stages of the supply chain and increase the visibility of SKU levels.
Cloud computing and cloud storage: Cloud computing and cloud storage can help companies outsource the data collection and storage costs required to manage emerging technologies.
3D Printing: Through the use of new manufacturing methods, one-step production of products, and gradually reduce the steps and raw materials required for the production of small parts.
Blockchain: Distributed ledgers can record transactions and ensure their integrity.
Second, the application of new technologies and future expectations of the survey show that: The above-mentioned innovative technologies will play a very important role in reshaping the future supply chain. In addition, nearly 80% of respondents believe that the new generation of digital supply chain will become the mainstream model in the next five years. At the same time, respondents believe that many innovative technologies may undermine the status of the supply chain and create lasting competitive advantages for the companies that use them.
Overall, at present, the three technologies of cloud computing and cloud storage, sensors and automatic identification, inventory and network optimization have the highest adoption rate among enterprises and will become the most popular technology in the next five years.
At the same time, in the next five years, the Internet of Things, predictive analytics, robotics and automation also have higher expected adoption rates.
Of particular concern is that although the three technologies of autonomous driving and drones, blockchain, and artificial intelligence have the lowest adoption rate at present, the growth rate of enterprise applications will exceed that of other technology areas, which reflects the index to some extent. Rapid breakthroughs in the entry of technology into the physical realm.It can be seen that for the technologies that are still in the early stage, advance research and layout are very important for large enterprises.
Third, the three major obstacles faced by the digital supply chain This report also interprets the three major obstacles that the digital supply chain may face in the future.
1. Lack of business case for the next generation of supply chain applications The investment and application of new technologies by enterprises is a relatively ambiguous process, and it is difficult to make an accurate analysis of the expected input costs and revenue returns. Especially in the early application of new technologies, the information on the costs and benefits obtained is often imperfect and inaccurate.
Therefore, those successful business cases will help provide a valuable reference for the company's new technology applications.
2. Supply chain skill gaps and labor shortages The talent shortage is a long-standing problem in the supply chain industry. How to find, hire and retain talent is the biggest challenge for supply chain companies.
Deploying new technologies means that companies must completely renovate the traditional supply chain work, and need to find corresponding technical personnel or upgrade and train existing personnel to support the next-generation supply chain, while internal personnel management in enterprises will face adjustments and training. A series of complicated issues.
3. Supply chain digital trust and security digital innovation technology can accelerate enterprise delivery efficiency, increase flexibility, optimize inventory, and improve customer satisfaction and loyalty, but the entire process of supply chain digitalization also means that companies will face network trust and network The risk of security. Therefore, various network risks will also become major issues that enterprises must consider when applying new technologies.
In short, the adoption of innovative technologies is a continuous process, and innovation results cannot be achieved overnight. How to constantly correct and solve problems in application and practice is the way to deal with new technologies. The application of new technologies in the supply chain is also inseparable from this path.
Wenzhou Langrun Electric Co.,Ltd , https://www.langrunele.com