Internet of Things will Disrupt Supply Chain Industry
Episode description
Topic Discussed : Internet of Things and the Global Supply Chain
Speaker: Adrian Drozd
Key Takeaways:
- Digital supply chain has emerged as a feasible and more efficient alternative to traditional SCM methods. Use of advanced technologies such as IoT, AI, ML, BDA and Blockchain are enabling key supply chain success factors, including visibility and transparency, timely corrective actions, and the ability to make real-time changes.
- Access to data-driven and predictive insights impacts all stakeholders’ performance and efficiency, impacting performance of the entire supply chain. Despite challenges in digitizing, companies are prioritizing their strategies to transform supply chains and exploring different technologies and applications.
- Many use cases of IoT disrupting supply chains across verticals indicate continuous efforts to innovate and launch digital-first solutions. Owing adoption has led to emergence of a multitude of growth opportunities for providers, ranging from hardware and software to emerging technology solutions such as robotics and Blockchain.
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Related Keywords: Frost & Sullivan, supply chain management, digital supply chain, internet of Things, IoT, SCM, connected factories, asset management, platforms, artificial intelligence, machine learning, Blockchain, AI, ML, data analytics, connectivity, edge computing, fog computing, predictive analytics, cyber security, fleet management, inventory management, warehouse management
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