Supply chain technology trends also heavily feature robotics, IoT, and blockchain, which are all projected to make the supply chain … For instance, a magnitude 7.1 earthquake in central Mexico closed several roadways and impacted the supplier operations of a major US car manufacturer. 1696-1718. https://doi.org/10.1108/IJOPM-02-2016-0080, Copyright © 2016, Emerald Group Publishing Limited. Some are subject to significant change. You may opt-out by. The purpose of this paper is to examine the nature of supply chain … With smaller, last-mile distribution centers being built no farther than six or nine miles from major metropolitan areas, the work of delivering packages can be done by a combination of traditional shipping as well as autonomous vehicles and even drones. Supply chains evolve and change in size, shape and configuration, and in how they are coordinated, controlled and managed. MacCarthy, B.L., Blome, C., Olhager, J., Srai, J.S. In warehousing goods, for example, AI and location intelligence can help retailers maintain a competitive edge for their product delivery and supply chain operations. Some supply chains are mature and relatively unchanging. This can be a revolutionary new tool, for instance, if a company is shipping perishables like fish, and they must remain at a certain temperature the entire way. Location intelligence gives a comprehensive view of all parts of the supply chain, and most importantly, allows personnel to know what is happening and where in near real-time. As supply chains evolve, they are moving from a purely functional, physical system to a global and interconnected network of assets, data and processes. and Zhao, X. Most major companies have supply chains that … There are several new and emerging ways that businesses are transforming their supply chains to meet modern customer demands. Visit emeraldpublishing.com/platformupdate to discover the latest news and updates, Answers to the most commonly asked questions here. All Rights Reserved, This is a BETA experience. Multi-faceted big data from specific geographic locations blended with online interactions can show buying patterns based on certain times, events, and conditions within detailed customer segments. There has been a lot written about blockchain technology lately, but sometimes it can be difficult to simplify exactly what it is and how it benefits companies and their customers. (Department of Industrial Management and Logistics. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation BrandVoice. Location intelligence dramatically increased event-detection speed and accuracy, and also improved the efficiency of the company’s response. This digital supply network will be made up of many different new technologies, but they will all be connected by location intelligence. The rise of next- and same-day delivery has created a standard of demand that puts a new kind of pressure on businesses. The paper presents detailed analysis, critique and reflections from leading researchers on emerging, evolving and mature supply chains. Most major companies have supply chains that exist in multiple countries, sometimes on multiple continents. Given the importance of supply chains, it’s no surprise that many trends in supply chain management center around the improvement of the supply chain itself, with new business models gaining traction. The paper argues that a new science is needed to investigate and understand the supply chain lifecycle. The "fast" supply chain model The fast supply chain is best for companies that … The Digital Supply Chain Model. 36 No. (School of Business, Management and Economics. Advances in commerce have caused modern consumers to raise their baseline expectations. The car company used geoenriched maps along with spatial analytics to identify suppliers within a 100-mile radius of the quake. If you think you should have access to this content, click the button to contact our support team. Cutting-edge technologies like artificial intelligence (AI), blockchain, and automation are being integrated into the digital supply network, which integrates data and information from different sources to drive distribution of manufactured goods along the value chain. This supply chain model is well suited for businesses with commoditized products, such as cement and steel. A number of emergent themes and propositions on factors affecting a supply chain’s characteristics over its lifecycle are presented. Ultimately, automated vehicles and drones may also help retailers dramatically cut the cost and burden last mile delivery has on infrastructure. Some are subject to significant change. They then verified if they needed help or resources, given the impact, to get the operations back up and productive. (2016), "Supply chain evolution – theory, concepts and science", International Journal of Operations & Production Management, Vol. Demand for goods has far outpaced the capacity for many businesses to deliver. I am currently an Industry Strategy Lead for the Supply Chain department at Esri where I use Esri’s ArcGIS platform to conduct spatial analysis, supply chain freight optimization, and transportation analysis. This is an invaluable asset in the supply chain because it elevates the level of trust for recording every interaction that a product or shipment might have by requiring that everyone on the “chain” verify the data being input, and ensuring that this data cannot be changed once it is committed to the digital ledger. Previously, I worked in the consumer goods industry as a supply chain optimization and analytics specialist. With more small and specialized last-mile distribution centers being built for different products and needs, the delivery methods of these products can be diversified further. You may be able to access teaching notes by logging in via Shibboleth, Open Athens or with your Emerald account. New supply chains may emerge and evolve for a variety of reasons. One reality that has complicated supply chains of the future in terms of sheer logistics, is their global nature. You can join in the discussion by joining the community or logging in here.You can also find out more about Emerald Engage. One way forward-thinking businesses are evolving to meet consumer demands, while at the same time keeping overhead costs low is to automate some of their last-mile delivery systems. Because of this increase in demand, the entire supply chain is rapidly evolving from having a functional orientation to a global and interconnected network of data and processes. More than half of retailers offer same-day delivery, however customers still expect these products at the same cost. A retailer can therefore use AI to predict which products are more cost-efficient to stock in a certain warehouse based on its proximity to certain areas. Over time, the aggregated blockchain ledger information can reveal weaknesses within the supply chain and help organizations continually optimize operations. Some supply chains are mature and relatively unchanging. I have a PhD in Transportation and logistics with a specialty in Supply Chain Systems and a M.Sc. Understanding the supply chain lifecycle and how supply chains evolve provides new perspectives for contemporary supply chain design and management. in Industrial Engineering and Management from North Dakota State University. Average temperature and location are tracked on the GeoBlockchain dashboard. The company shipping the fish can see if the temperature exceeded the allowable threshold and the real temperature at any point in the journey, and if this has affected the cargo this capability allows them to mitigate food quality issues. © 2020 Forbes Media LLC. Artificial Intelligence (AI) technology plays an important role in modern supply chain optimization. Essentially, blockchain is a way of distributing the process of verification for anything from financial transactions to logging shipping information. AI, automated vehicles, blockchain, and other transformative advances will be given the power of geographic context with spatial analytics, and this allows the digital supply network to function as a digital model of the entire supply chain. It is this dynamic, always moving, real-time representation that will allow businesses to have complete situational awareness and predictive control of all aspects of their organizations in the future. Opinions expressed by Forbes Contributors are their own. New supply chains may emerge and evolve for a variety of reasons.
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