Find a recent news article no earlier than Jan 1 2018 and su

Find a recent news article (no earlier than Jan. 1, 2018) and summarize the relevant supply chain impacts of that article in 100-200 words. This summary and a link to the article.

Solution

A recent news article that I have found is titled “4 supply chain predictions for 2018” and is dated January 8, 2018. The article talks about the impact that the dominance of digital technologies and processes will have on supply chain of manufacturers, distributers and retailers. With the emergence of new technologies and information technology becoming more powerful digital transformation will start playing a more important role in the various aspects related to supply chain.

First of all there will be increasing adoption and use of cloud computing. Data driven logistics, smart analytics and algorithms will be used to increase efficicney in supply chain. Secondly artificail intelligence will gain prominence. IoT (internet of things) will be used across different aspects of supply chain and use of simple analytics will become redundent. Artifical intelligence alongwith IoT will help in streamlining different processes of supply chain and will augment decision making. Lastly blockchain will gain prominence going forward. The use of blockchain will help participants to understand the movement of goods in a better manner and a more efficient manner.

Link to the article - https://www.supplychaindive.com/news/supply-chain-trends-cloud-blockchain-technology/514299/