Digital, Always-On Supply Chains Are the New Reality
Anyone who attended ProMat 2017 experienced it. Technology is disrupting supply chains and transforming them into more digital, connected and intelligent models. And there is no end in site. Consumers are driving this trend as they demand more buying options and faster service from supply chains that are always-on.
Sensors that enable the collection of massive amounts of supply chain data, coupled with automation, cloud computing and predictive analytics are creating continuously operating supply chains that are more efficient and more cost-effective than traditional models.
According to the recently released 2017 MHI Annual Industry Report, “Next-Generation Supply Chains: Digital, On-Demand and Always-On,” 80 percent of survey respondents believe digital supply chains will be the predominant model within five years. Sixteen percent say they already are.
This issue of MHI Solutions focuses on these digital solutions, from best practices in predictive analytics and wearable technologies to Industry 4.0 and the Industrial Internet of Things to the impact of robotics and automation.