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The Future of the Supply Chain is Now
From unmanned mobile robots in warehouses to drones for online fulfillment, the current supply chain is undergoing a major transformation. With the possibilities of artificial intelligence, the future supply chain holds the promise of being completely autonomous and self-orchestrated. Adoption of these new technologies can drive better business outcomes, while those slow to adapt to these changes will find their businesses and skill sets obsolete.
When it comes to discussing technological disruption in the supply chain arena, the emergence of blockchain technology has attained a special position. The distributed ledger technology has been discussed at great lengths, ever since Bitcoin broke into mainstream contention a few years back. Though the idea of blockchain is still largely perceived to be inherently associated with cryptocurrency, the advantages that come with the adoption of this technology in logistics and supply chain is immense—especially in regard to security and tracking.
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Another tipping point in the supply chain realm is the warehouse robotics. The emergence of this trend is prevalent among supply chain technology vendors who are currently invested at mastering the art of true robotic picking—where robots are able to pick orders from conventional racking. Along with that, the growing popularity of driverless vehicles is becoming more rampant as it aims to decrease the transportation cost for the supply chain.
With many other technological innovations underway, the future of the supply chain is beginning to take its shape now.
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