Supply Chain Innovations & Blockchain
Understand the Future of Supply Chain Learn the emerging trends in Supply Chain Eighteen types of Innovations and how it can transform the Supply Chain Details of Blockchain and the way to implement in your Supply Chain Supply chain innovation (SCI) is important for companies of all sizes. With new enabling technologies causing disruptions across the supply chain, the supply chain space is ripe for innovation. According to a recent study by the MIT Center for Transportation and Logistics, most innovations in supply chain management build on existing achievements and reconfigure known methods and technologies rather than invent new ones. However, incremental change using emerging enabling technologies represents a huge portion of innovation used to stay ahead of competition. Virtualized innovation technique will allow possible disruption to the normal course of innovation development. Virtualized innovation can enable companies to respond much more rapidly and cost-effectively to declining product life cycles, accelerating technological change and intensifying competition, perhaps even from non-traditional sources. New technologies can completely redefine the nature of competition, such as the Internet of Things, mobility, telematics and sensors, cloud, big data, deep learning, artificial intelligence, drones, and 3D printing. Startups are often launching with technology-driven innovation. New service models and connectivity are disintermediating business models and traditional distribution/marketing channels, such as on demand, peer-to-peer, crowd, always-on, dynamic routing, and real-time visibility. Even with R & D spending continually increasing, R & D on its own is no longer enough to drive innovation.