“Bigger is better, as the old saying goes, and technology in supply chains is making a mark in the sector. Supply chains can be complicated, with several procedures involved in creating a product and distributing it to consumers.”

Supply chains aren't always as efficient as they should be. Let's face it: there's always space for improvement, and disruptive technology appears to be helping us get there.

Disruptive technology upends a supply chain and has the capacity to totally alter how goods are created, distributed, and tracked. Inbound Logistics conducts an annual poll of 3PL companies to learn about their thoughts on the sector.

IoT

The Internet of Things (IoT) is a network of connected items that have been technologically equipped with sensors to gather, exchange, and transmit data. Employees can obtain real-time information thanks to this data collection. The Internet of Things (IoT) connects previously disconnected devices. What does the Internet of Things mean for supply chains? From the beginning to the end of the supply chain, every process, person, and product can be tracked.

IoT can be very beneficial in warehouses and for inventory management. Employees that work directly with inventory can gather, view, and manage incoming data via mobile devices, which can then be shared with higher-level executives. Improved inventory visibility could lead to more effective inventory reporting. It's possible that physical inventory counts are no longer necessary.

Read More :- https://www.pukkapartners.com/insight/digital-disruption-in-the-procurement-and-supply-chain-industry

Conclusion: What Does Disruptive Technology Hold for the Future of Supply Chains?

There's no denying that disruptive technology will wreak havoc on supply chains. They will disrupt a variety of work procedures and methods. However, these adjustments will be for the best. To keep track of inventory, IoT will demand fewer labour hours, enhancing warehouse efficiency. The same will be true for self-driving trucks. There will be no salary spent if there are no drivers. Inventory would be anticipated to move more quickly, allowing businesses to sell more merchandise and generate more income. Drones are comparable to delivery techniques in terms of efficiency. When drones can perform the work faster than an army of delivery vehicles, it's a no-brainer. Finally, 3D printing can drastically reduce product production time.

So, what are the general trends? Efficiency, lower labour costs, shorter production periods, and quicker delivery are all common themes. The supply chain business should expect improved key performance indicators in the near future.

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