The world of global trade is experiencing a transformation of a scale that can only be compared to the changes seen following the invention of the wheel or the airplane. Digital information has proven itself to be a key driver in the development of new processes and new business opportunities. The digital revolution is transforming world trade; businesses are now available 24×7, no physical stores are required, and cross-border presence is no longer the domain of the rich.
The next generation supply chain is something that people have been talking about for years. After being discussed for so long, I was wondering in what ways things had actually progressed and what innovations are on the horizon that will drive forward the next incremental updates in the supply chain and logistics industry? In this post I look at some of the ways that companies are innovating and using technology solutions to improve their supplier processes.