Top Emerging Trends In 2018 For The Supply Chain

The last five years have been the, "coming of age," period for technologies like the Internet of Things (IoT), machine learning, mixed reality (MR), and blockchain. By late 2017, these technologies gained enough maturity and stability for use in industrial settings. As such, 2018 is shaping-up to be a pivotal year for these promising technologies to be applied in several realms of supply chain, such as end-to-end visibility, product tracking, fraud, settlements, compliance, productivity, worker safety, and delivery speed. Here are seven key trends that are driving innovation, change and agility in today's supply chains. No. 1 - Blockchain and IoT will gain adoption for supply chain traceability Tracking the product component genealogy, place of origin, quality chain, and location can be simplified and streamlined significantly with IOT and blockchain.