Supply Chain Trends in 2017

Supply Chain Trends in 2017

The future of the supply chain industry is constantly changing and adapting to new trends.

Digitization

Globally, most companies have been going digital, and the supply chain has not been exceptional. While digitization is not a new thing, its improvement has been a priority in the industry as companies are looking to invest more in acquiring new technology that will improve the end-to-end supply chain. The use of big data and predictive analytic is radically changing how products flow globally. Digitization and overall technology play a vital role in the future of the industry, making this trend the most relevant in the industry.

Return policy

A key trend that in this industry has been improvement of return and exchange policies. Customers are likely to stick to brands that offer hassle free return and exchange of commodities. A company that provides a competitive return and exchange policy will attract more customers and retain the existing ones.

Fast delivery

Gone are days when clients used to place an order and have their goods delivered after a week or two. Today business enterprises have made delivery their priority by investing highly in their logistics. Orders can now be processed and delivered in less than 24 hours. Retailers such as Amazon are testing drone delivery which will change the industry.

The impacts of these trends never go unnoticed as their benefits to companies and influence in our societies are worth to have eyes on. Staying ahead in business requires accurate and up to date information