Study: Next-generation supply chain market to hit $75B by 2030, driven by AI, blockchain, IoT, robotics and more
Major drivers of a digital supply chain include demand for greater visibility and transparency in supply chain data process, faster adoption of IoT, increasing investment in supply chain innovation and rising demand from e-commerce.
The next-generation supply chain market is scheduled to reach $75 billion by 2030, up from $32 billion in 2019, according to “Next-Gen Supply Chain Market – Global Forecast to 2030,” a study released by LogisticsIQ, Singapore.
Enablers of digital supply chain include artificial intelligence (AI), 3D printing, cloud computing, Big Data, predictive analytics, robotics, automation, data capture, driverless vehicles and drones, digital twins, Internet of Things (IoT), blockchain, augmented and virtual reality, wearable and mobile devices and 5G connectivity.