{"id":515,"date":"2016-12-01T17:43:55","date_gmt":"2016-12-01T19:43:55","guid":{"rendered":"https:\/\/neogrid.com\/en\/the-5-supply-chain-trends-you-must-not-ignore\/"},"modified":"2016-12-01T17:43:55","modified_gmt":"2016-12-01T19:43:55","slug":"the-5-supply-chain-trends-you-must-not-ignore","status":"publish","type":"post","link":"https:\/\/neogrid.com\/en\/the-5-supply-chain-trends-you-must-not-ignore\/","title":{"rendered":"The Five Supply Chain Trends You Must Not Ignore"},"content":{"rendered":"<p style=\"text-align: left;\">To keep pace with present day challenges, supply chain executives must stay up to date with tomorrow\u2019s hottest innovations. With that in mind, we\u2019ve identified five supply chain trends to watch out for:<\/p>\n<p><strong>1. Collaboration to take center stage<\/strong><\/p>\n<p>Already, companies are reducing the number of suppliers, the idea being to put more eggs in one basket to allow the companies to leverage different incentives or procurement tiers. Over the next few years, there will be even increased collaboration efforts as companies take to strategies such as <a href=\"https:\/\/www.neogrid.com\/en\/solution\/collaborative-planning-forecasting-and-replenishment-cpfr\">collaborative distribution<\/a>, cooperative sourcing, and reverse logistics to further improve efficiency and reduce costs.<\/p>\n<p><strong>2. End-to-end visibility also a priority<\/strong><\/p>\n<p>According to a recent study by the Aberdeen Group, improving visibility within the business and across the supply chain has been identified as a priority by 85% of global supply chain executives. Improving visibility is seen as a way of boosting supply chain agility and responsiveness, which can in turn help to increase customer satisfaction.<\/p>\n<p><strong>3. Big data, big decisions<\/strong><\/p>\n<p>The latest World Economic Forum study predicts that there will be over 50 billion internet-connected devices by 2022. This will lead to explosive amounts of data in the form of social media content, emails, e-commerce \u201cbuy\u201d buttons, and everything in between. Analyzing this data in real time will allow marketers to work closely with procurement and inventory so that everyone knows what to buy and when.<\/p>\n<p><strong>4. Agile is the new lean<\/strong><\/p>\n<p>Agile methodology is often seen as an alternative to traditional (waterfall and sequential) project management and has been widely used in software development to help developers better respond to unpredictability through iterative, incremental work cadences. In supply chain management, agile management will help to cope with unforeseen events through lightning-fast decision making. This increased flexibility, experts believe, is the only way to solve growing individualization and complexities in the supply chain.<\/p>\n<p><strong>5. Augmented Reality (AR) is the future<\/strong><\/p>\n<p>DHL has been looking at AR and recently concluded that the technology could have a massive impact on supply chain management. Among other benefits, AR will allow organizations to visualize their next warehouses in full-scale before construction even begins. In other words, you can fully experience what you\u2019re trying to do before actually doing it. Imagine how much money this could save your company! AR can also be used to optimize picking, loading, and truck delivery.<\/p>\n<p>If you want your business to remain competitive, keep pace with these trends.<\/p>\n<p class=\"p1\"><strong><span class=\"s1\">Download our cloud integration white paper to learn the five reasons S&amp;OP belongs in the cloud.<\/span><\/strong><br \/>\n<span id=\"hs-cta-wrapper-032b14b3-101b-4084-94f4-d811ef18b1e8\" class=\"hs-cta-wrapper\"><span id=\"hs-cta-032b14b3-101b-4084-94f4-d811ef18b1e8\" class=\"hs-cta-node hs-cta-032b14b3-101b-4084-94f4-d811ef18b1e8\"><br \/>\n<a href=\"http:\/\/cta-redirect.hubspot.com\/cta\/redirect\/1848067\/032b14b3-101b-4084-94f4-d811ef18b1e8\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" id=\"hs-cta-img-032b14b3-101b-4084-94f4-d811ef18b1e8\" class=\"hs-cta-img aligncenter\" style=\"border-width: 0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/1848067\/032b14b3-101b-4084-94f4-d811ef18b1e8.png\" alt=\"Download\u00a05 Reasons S&amp;OP Belongs In The Cloud White Paper\" \/><\/a><\/span><br \/>\n<\/span><br \/>\n<!-- end HubSpot Call-to-Action Code --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>To keep pace, supply chain executives must stay up to date with the latest innovations. Here are five key supply chain trends to watch out for.<\/p>\n","protected":false},"author":1,"featured_media":516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Five Supply Chain Trends You Must Not Ignore &#8212; Neogrid<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/neogrid.com\/en\/the-5-supply-chain-trends-you-must-not-ignore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Five Supply Chain Trends You Must Not Ignore &#8212; Neogrid\" \/>\n<meta property=\"og:description\" content=\"To keep pace, supply chain executives must stay up to date with the latest innovations. 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