Using technology to improve supply chain logistics

Smarter technology, smarter decisions, smarter supply chains

A digitalised world demands a digitalised supply chain. The use of supply chain technology is enabling better decision making, increased productivity, lower costs and efficiency. 

Types of technologies 

5G

IoT

IoT (Internet of Things) is set to grow to $853 billion by 2027.*¹

^{* for the total addressable supply chain market}

IoT can covert the physical world into connected data points through smart sensors. We’re on track to have 30.9 billion IoT connections by next year. Real-time supply chain data can be fed into AI tools to support immediate 

• machine, production, and environmental monitoring; 
• inventory management;
• delivery optimisation; 

and smarter decisions at every digitalised point of the chain.¹

Digital twins

A virtual representation of a physical object or process supported by IoT and AI. 

Big data, machine learning and AI

We’re hearing about AI in supply chains a lot. This makes sense, since AI is forecasted to grow quickly, reaching $481 billion* by 2027*.¹

^{*for the total addressable supply chain market}

Digitalising and automating supply chains create large amounts of big data that can be fed into digital control towers, machine learning and AI platforms. This gives you smarter insights into your supply chain. Although more than 70% of companies are still expected to primarily use spreadsheets for supply chain decisions, using AI can increase efficiency and reduce risks and costs.¹ The supply chain AI market is projected to reach over US$41 billion by 2030. ²

According to Nicole Büttner, Founder and CEO of Merantix Momentum, global supply chains in particular have a lot to gain from AI’s impact. Learn more about AI in supply chains in our Thought starters series.

Learn more

The use of technology to improve supply chains is increasing and it pays to stay across the latest trends in our Insights series. 

¹ Supply chain technology - Citi

² Meticulous research

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