Supply Chain Trends: A Decade in Review (2010-2020)
The last decade, from 2010 to 2020, was filled with substantial advancements and transformations in the realm of supply chain management. As organizations around the globe started to recognize the strategic importance of supply chains, innovative trends began to reshape the industry. This blog post will explore these key developments, highlight companies that excelled in their supply chain operations, discuss lessons learned and anticipate challenges for the future. Digital Transformation One of the most significant trends of the past decade was the digital transformation of supply chains. Technologies such as artificial intelligence (AI), machine learning (ML), big data analytics, and the Internet of Things (IoT) were employed to streamline processes, predict demand, and increase efficiency. AI and ML provided more accurate forecasts and enabled real-time decision-making. Big data analytics were used for identifying patterns and trends, facilitating more informed decision-making. IoT