Grid Dynamics Ebook
8 supply chain trends
and strategies every manufacturer
needs to know
How to capitalize on the top trends in supply chain technology for 2024 and beyond
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Thriving in today’s supply chain demands a blend of human ingenuity and cutting-edge technology. Our insights reveal how AI and innovative strategies can propel manufacturers toward resilience, efficiency, and competitive advantage.
Rohit Tripathi
Principal, CTO Office, Manufacturing and Supply Chain,
Grid Dynamics
Thriving in today’s supply chain demands a blend of human ingenuity and cutting-edge technology. Our insights reveal how AI and innovative strategies can propel manufacturers toward resilience, efficiency, and competitive advantage.
Rohit Tripathi
Principal, CTO Office, Manufacturing and Supply Chain,
Grid Dynamics
In a landscape fraught with economic shifts, environmental pressures, and operational challenges, manufacturers across sectors are facing a pivotal moment. Disruptions in global shipping routes and port incidents are magnifying existing issues, while geopolitical tensions, rising material costs, and labor shortages further strain supply chains.
The imperative for resilient, adaptable supply chains has never been clearer, underscoring the vital role of technology, particularly AI and generative AI, in navigating these complexities. Gartner’s 2024 supply chain technology trends emphasize this need, highlighting the potential of technology to not only protect businesses but also create competitive advantages through human-machine integration.
Leverage technology as a resilience pillar
The convergence of human ingenuity and technological advancement is pivotal in building resilient supply chains. Embracing AI and generative AI lays a robust foundation for adapting to disruptions, fostering innovation, and enhancing collaboration within ecosystems.
Integrate trends for competitive edge
Gartner’s trends in supply chain technology for 2024 are interlinked and mutually reinforcing, highlighting the centrality of AI in driving supply chain redesign. Each trend presents an opportunity to gain a competitive edge by leveraging emerging technologies strategically.
Foster partnerships and adaptability
Partnerships emerge as accelerators of change, enabling rapid strategic delivery. The integration of manufacturing trends—AI, automation, and human expertise—is essential, driving innovation and efficiency. An incremental, modular approach to technology investments ensures agility and adaptability, crucial in navigating the evolving supply chain landscape.
8 supply chain trends fueling manufacturing innovation
Navigate each supply chain trend and its corresponding strategy, which are discussed in depth in the ebook.
1. Supply chain data governance
Advanced analytics and AI are enhancing cross-functional visibility and decision-making, making data quality and governance critical. Implement a strategy including distributed data architecture and automation for operational efficiency and cost savings.
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2. AI-enabled vision systems
These systems offer autonomous anomaly detection and predictive maintenance, boosting productivity and reducing downtime. Deploy them for significant labor productivity and cost of quality improvements.
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3. Augmented connected workforce
This strategy optimizes human-technology collaboration, enhancing productivity and decision-making. Implement IoT, AI, and AR for bridging the STEM skills gap and supporting workforce dynamics.
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4. Composite AI
By combining AI techniques, organizations can solve complex supply chain challenges. Align AI projects with clear business objectives and build a secure AI ecosystem for transformative potential.
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5. Machine customers
Serve nonhuman economic actors with IoT platforms and smart cloud manufacturing. Implementing cloud-based IoT analytics solutions ensures data transparency across the value chain.
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6. End-to-end sustainable supply chains
Compliance with sustainability regulations is key. Establish a baseline for sustainability efforts, map the path and milestones, and prioritize digitization of internal systems.
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7. Cyber extortion
Combat cyber threats with IT/OT collaboration and a Zero Trust mindset. Implement incident detection and response mechanisms, and adopt SOAR solutions for streamlined incident management.
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8. Next-generation humanoid working robots
These robots offer significant productivity gains and cost savings. Deploy them alongside humans for innovative supply chain solutions, addressing ethical concerns and public acceptance.
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