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Cutting-edge businesses have learned not only to back up supply chain data in the cloud, they’ve also embraced the idea that cloud-based platforms can help manage freight bookings, tracking, payment and beyond. Forward-looking enterprises have not only equipped their employees with mobile phones to make them available anywhere, any time, they’ve also exploited smart apps that allow many crucial supply chain operations to be conducted anytime, anyplace or anywhere.
Meanwhile, savvy supply chain executives saw big data coming over the horizon and correctly anticipated it would come with the tools needed to sift, filter and make that data truly useful.
Now, we are presented with a trio of exciting new technologies that promise to enhance supply chain management operations even further: the Internet of Things (IoT), artificial intelligence (AI)/machine learning and blockchain. Taken independently, these technologies could potentially greatly improve many processes central to today’s global supply chains. But, taken together, IoT, AI and blockchain form a powerful inflection point that could radically transform tomorrow’s supply chains. The robust combination of these new technologies could activate a genuinely autonomous supply chain.
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