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Supply Chain Analytics Market to hit $10 Bn by 2027; Global Market Insights, Inc.

The supply chain analytics market from on-premise deployment is estimated to capture more than 60% share in 2027 owing to several security and cost benefits offered by on-premise supply chain analytics tools and it eliminates the need for connecting to the cloud gateways, mitigating cyber risks.

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January 27, 2021 06:00 ET | Source: Global Market Insights, Inc

Selbyville, Delaware, Jan. 27, 2021 (GLOBE NEWSWIRE) —

Global Market Insights, Inc. has recently added a new report on the supply chain analytics market which estimates the industry valuation of supply chain analytics will cross US$ 10 billion by 2027. The increasing need to gain critical organizational data and optimize supply chain operations based on a large volume of data is significantly contributing to the market growth.

The inventory analytics solution market is anticipated to grow at more than 13% CAGR from 2021 to 2027. Advanced capabilities including tracking of inventory turnover and transport & warehouse equipment, have contributed to the rising demand. Companies can use this solution to manage their key performance indicators and optimize inventory costs & real-time visibility across the supply chain. With a rise in modernization across supply chains, the demand for inventory analytics solutions is growing significantly over the forecast period.

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The large enterprise segment is projected to witness a growth rate of over 15% through 2027. The majority of enterprises with geographically dispersed production facilities and customer base will require remote visibility across the supply chain. The use of a supply chain analytics platform provides real-time visibility across supply chain operations. Large enterprises can leverage these solutions to mitigate the impact and prevent the disruption before it occurs. The remote visibility and administration capabilities are contributing to the rise in demand from large enterprises.

The increasing demand for a connected and holistic view across supply chain operations is supporting the supply chain analytics market revenue. The enterprise-wide need for data-driven decisions in procurement and production is contributing to the demand for supply chain analytics solutions. Supply chain analytics solution provides access to unstructured data across supply chains, comprehensive visibility, and collaboration between stakeholders. The increasing need for actionable analytical insights and to automate operational workflows are expected to drive the market growth.

The supply chain analytics market from on-premise deployment is predicted to hold above 60% share in 2027. The several security and cost benefits offered by on-premise supply chain analytics tools are contributing to the rising demand. The on-premise deployment eliminates the need for connecting to the cloud gateways, mitigating cyber risks. In addition, companies can connect a particular supply chain analytics platform with the existing ERP systems. Functional capabilities along with effective backup & recovery functions of the supply chain analytics solutions are fueling the segment growth.

The use of supply chain analytics solutions across transport and logistics applications is expected to grow significantly from 2021 to 2027. Transport and logistics companies can leverage analytics tools to reduce the overhead costs and enhance efficiency as they are required to maintain sales & operations along with fleet efficiencies. The supply chain analytics solution can provide a centralized view of the overall logistics & transport operations. This can further enable companies to make proactive decisions to ensure business efficiencies.

Asia Pacific is projected to grow exponentially in the global supply chain analytics market with around 20% CAGR during 2021 to 2027. Consistent growth in the retail, infrastructure, and logistics sectors across countries is poised to boost the regional demand. Additionally, public and private enterprises in the region are emphasizing on analytics solutions to mitigate the impact of supply chain disruptions. For instance, in May 2020, the National Economic and Development Authority of the Philippines launched supply chain analytics tools to monitor and resolve the supply chain disruptions caused by the COVID-19 pandemic. This helped the authority to manage the supply chain operations effectively through in-depth real-time visibility.

Companies operating in the market are focusing on the development of integrated analytics solutions for the supply chain management. For instance, in January 2020, Tecsys, Inc. launched an integrated advanced analytics solution to assist in retail supply chain operations. The company integrated Microsoft’s BI tool with its order management analytics platform. This integration helped the company to ensure cloud-based access to a large volume of data generated by companies and retailers. This launch enabled the company to serve large enterprises with an analytics-based supply chain platform.

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Some major findings of the supply chain analytics market report include:

  • The growing need for comprehensive visibility and multi-enterprise engagement across the supply chain is contributing to the market growth.
  • Protection against data breaches & cybercrimes and remote access across enterprises are supporting technological development in the market.
  • North America is expected to hold a major market share for supply chain analytics solutions due to the expansive presence of enterprises and the penetration of supply chain solutions.
  • Major players operating in the supply chain analytics market are Blue Yonder Group, Inc., Capgemini SE, IBM Corporation, Infor, Oracle Corporation, and SAP SE.
  • Companies operating in the market are focusing on the development of integrated supply chain analytics platforms.

Partial chapters from the report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Supply Chain Analytics industry 360⁰ synopsis, 2016 – 2027

2.2 Business trends

2.3 Regional trends

2.4 Component trends

2.4.1 Solution trends

2.4.2 Service trends

2.5 Organization size trends

2.6 Deployment model trends

2.7 Application trends

Chapter 3 Supply Chain Analytics Industry Insights

3.1 Introduction

3.2 Industry segmentation

3.3 Impact of COVID-19 outbreak

3.3.1 By region

3.3.1.1 North America

3.3.1.2 Europe

3.3.1.3 Asia Pacific

3.3.1.4 Latin America

3.3.1.5 Middle East & Africa

3.3.2 Industry value chain

3.3.2.1 Suppliers

3.3.2.2 Supply Chain Analytics technology providers

3.3.2.3 Marketing & distribution channels

3.3.3 Competitive landscape

3.3.3.1 Strategy

3.3.3.2 Distribution network

3.3.3.3 Business growth

3.4 Supply Chain Analytics industry ecosystem analysis

3.5 Evolution of Supply Chain Analytics technology

3.6 Technology & innovation landscape

3.6.1 Big data integration

3.6.2 IoT

3.6.3 Software-as-a-Service

3.7 Regulatory landscape

3.7.1 Standards on Privacy and Web Analytics (Canada)

3.7.2 Health Insurance Portability and Accountability Act (HIPAA) of 1996 (U

3.7.3 General Data Protection Regulation (EU)

3.7.4 Exception of Text & Data Mining (TDM) in Copyright in Digital Single Market (DSM Draft Directive – EU)

3.7.5 Information Security Technology- Personal Information Security Specification GB/T 35273-2017 (China)

3.7.6 The General Data Protection Law (Brazil)

3.8 Industry impact forces

3.8.1 Growth drivers

3.8.1.1 Growing e-commerce industry in China and India

3.8.1.2 Increasing penetration of big data in the retail industry in the U.S.

3.8.1.3 Growing proliferation of smartphones in Asia Pacific

3.8.1.4 Increasing competition among retailers and increasing need for differentiation in North America

3.8.1.5 Growing need for analytics maturity in Asia Pacific

3.8.1.6 New generation of highly informed and demanding customers in Europe

3.8.2 Industry pitfalls & challenges

3.8.2.1 Data security and privacy concerns

3.8.2.2 Lack of technical expertise

3.9 Growth potential analysis

3.10 Porter’s analysis

3.11 PESTEL analysis

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:Arun HegdeCorporate Sales, USAGlobal Market Insights, Inc.Phone: 1-302-846-7766Toll Free: 1-888-689-0688Email: sales@gminsights.com

Global Market Insights, Inc

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Contact Us:Arun HegdeCorporate Sales, USAGlobal Market Insights, Inc.Phone: 1-302-846-7766Toll Free: 1-888-689-0688Email: sales@gminsights.com

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Source: https://www.globenewswire.com/news-release/2021/01/27/2164897/0/en/Supply-Chain-Analytics-Market-to-hit-10-Bn-by-2027-Global-Market-Insights-Inc.html

Supply Chain

Boosting Supply Chain Challenges Through Advanced Technologies: Up Close with Zebra Technologies’ Guy Yehiav

We checked in with Guy Yehiav, general manager of Zebra Analytics and a member of the CGT/RIS Executive Council, to get his perspective on the promise of AI in retail and consumer goods, as well as some of the ways companies are leveraging prescriptive analytics right now.

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09/20/2021

As the consumer goods and retail industries continue to grapple with myriad supply chain challenges, technologies like artificial intelligence are playing a meaningful role in helping companies overcome some of their biggest roadblocks.

We checked in with Guy Yehiav, general manager of Zebra Analytics at Zebra Technologies and a member of the CGT/RIS Executive Council, to get his perspective on the promise of AI in retail and consumer goods, as well as some of the ways companies are leveraging prescriptive analytics right now.

Yehiav, an active member of the retail and CG tech communities, also shared insights on where more work needs to be done when it comes to retail and CG collaboration — something tech can’t solve but has the potential to improve and unlock new possibilities when all parties are willing to embrace it.

RIS: You’re a longtime advocate of the business benefits of prescriptive analytics, often writing to educate the industry about the competitive edge it can bring. How has the adoption rate progressed since the onset of the pandemic, and what’s needed to further advance progress?

The adoption rate has increased in several areas. First, from an employee training perspective, businesses reduced the amount of peer-to-peer training to keep employees safe from COVID-19 —opting to leverage prescriptive analytics instead. There was a substantial increase in hiring new personnel, which drove more on-the-job training, protocol compliance monitoring, and operational efficiency assessments.

EC Member Shares

How long have you been with Zebra?
This past June marked my two-year anniversary as General Manager of Zebra Analytics, which started after Zebra’s acquisition of Profitect. I founded Profitect in June 2010.

What has been your “pandemic pastime?”
Learning the guitar. I’ve always wanted to do it, but I’m naturally left-handed. I recently had the opportunity to try a lefty guitar, which was much easier than the regular one. I’ve also enjoyed cycling and skiing with my wife and daughters, as well as reading books.

Where are you looking forward to traveling?
Personally, vacationing in Bermuda or Anguilla. For business, I’m looking forward to returning to Europe and Australia to re-connect with our partners!

Favorite Netflix/Amazon/Hulu binge series?
On Netflix, I’d have to say my favorite show has been “Schitt’s Creek.” It’s absolutely hilarious! I’ve also enjoyed watching the Israeli television series “Fauda.”

Which book is on your nightstand or to-do list?
I actually have two books waiting for me on my nightstand: “Think Again” by Adam Grant and “Leadership Strategy and Tactics” by Jocko Willink.

Supply chain disruptions created another opportunity to leverage prescriptive analytics throughout the end-to-end value chain in order to identify anomalies (both demand and supply change risk) and alleviate them as early as possible to prevent delays, out-of-stocks and poor customer service. Prescriptive analytics is helping improve resiliency throughout the value chain.

RIS: What are some of the biggest misconceptions when it comes to leveraging prescriptive analytics within retail and consumer goods?

The primary misconception is that prescriptive analytics is a reporting system that generates a lot of false positives and takes too long to implement. Typically, when we speak with executives from retail or CPG, they start the conversations by saying they are planning and have a lot of artificial intelligence and machine learning algorithms everywhere.

However, when they learn about the differences between prescriptive analytics and smart-machine reporting, they realize that the former generates much more value for their business. It arms employees with actionable insights that enable them to maximize their productivity through streamlined workflows.

RIS: Zebra recently announced plans to acquire Antuit.ai to expand its analytics, AI and automation capabilities, marking its third such acquisition in two years. How do you expect it to benefit the company in both the near and long term?  

Through its synergies with our retail store execution portfolio, the acquisition of Antuit.ai will further drive our ability to bring the power of artificial intelligence to our customers and meet evolving consumer demands. It will also enable us to offer an automated advanced analytics solution to CPG customers that links to our manufacturing portfolio — supporting more efficient planning, operations and execution with greater efficiency and visibility across the supply chain, elevating supply chain resiliency as a priority.

RIS: Where do you see the most promise for AI’s use in retail and consumer goods?

Artificial intelligence and machine learning are what allows the algorithm to optimize the outcomes based on feedback loops and real-time data loaded into the solution. I believe the use of these techniques will continue to evolve from solely planning and execution to personalization and anticipation of demand and business outcomes.

If you have planning accuracy, you can link the demand sensing with what is actually happening by anticipating consumer trends in shorter time increments. It helps build a stack that aligns with “reality” on a second-by-second basis.

From a personalization standpoint, it will enable organizations and service providers to provide a very unique customer experience. That solution will work across retail, healthcare, restaurants, entertainment, CPG and other verticals. Its advanced technology will create an enhanced level of demand-driven supply networks unlike anything we’ve ever seen before.

RIS: A recurring topic of conversation within the Executive Council is the need for increased retail and CG collaboration. What’s your perspective on the progress that’s been made since the onset of COVID-19?

In the past 20 years, businesses were talking about collaboration, but weren’t actually collaborating. As a result, out-of-stocks continue to be a major issue — especially on promotional items. The pandemic exposed the lack of collaboration, as well as the fact that resiliency was not a priority.

Supply chain latency is impacting all brands and retailers today. I believe the collaboration will receive a boost from technology.

RIS: Where would you like to see more work done, and what will be required?

For better collaboration, we need to think about it on multiple levels:

  • Business alignment: Get the merchants, the supply chain and the IT departments communicating with each other to create priorities and bite-size projects with clear objectives and value.
  • Technology needs to enable planning and execution through a restricted type of security, but also allow the flexibility of multiple product hierarchies. The hierarchies’ retailers are currently using make little sense for the brand teams. I recently wrote about the topic here.
  • RIS: As we head into Q4, can you make any retail predictions for 2022?

    I believe supply chain latency will continue for the next few months. As such, it will demand increased collaboration between manufacturing sites, supply chains and retailers. I also believe supply chains will create efficiencies through the use of collaborative robotics (Cobots) to streamline workflows for employees.

    Brick-and-mortar stores will play a larger role. Just look at Amazon opening more physical stores. We’ll likely see other online-only retailers opening stores. However, these stores will provide better customer service, making the store visit more personalized for the average consumer.

    Supply chain disruptions created another opportunity to leverage prescriptive analytics throughout the end-to-end value chain in order to identify anomalies (both demand and supply change risk) and alleviate them as early as possible to prevent delays, out-of-stocks and poor customer service. Prescriptive analytics is helping improve resiliency throughout the value chain.

    Source: https://risnews.com/boosting-supply-chain-challenges-through-advanced-technologies-close-zebra-technologies-guy-yehiav

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    Supply Chain

    Quad leaders including India agree on a ‘safe and secure’ supply chain of microchip tech

    US President Joe Biden will take part in the first-ever in-person Quad Leaders summit at the White House on September 24 along with India, Australia, and Japan.

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    Leaders of the Quad nations have agreed to work together for creating a safe supply chain for semiconductors ahead of the Quad Summit schedule next week in Washington. The decision indirectly indicates the fact that the four-nation framework is looking forward to broadening its scope against China in the Indo-Pacific.

    According to the report published on the Nikkei daily’s website, the nations may soon confirm resilient, diverse, and secure technology supply chains for hardware, software, and services that are of utmost importance to their national interest. Furthermore, a joint statement has also been accessed by Nikkei, which further provides details on the common principle to be applied for technological development.

    It says that the technology needs to be designed and developed in such a manner that it is shaped and shared by the countries on democratic values.

    The statement does not directly mention China, but in an indirect reference to its inappropriate use of technology, the statement stresses the ongoing challenges regarding illicit transfer and theft of technology which undermines the foundation of technological development.

    Quad Nations on microchip making technology

    According to the statement, the countries majorly look forward to launching a joint initiative for determining their capacity and identifying their vulnerability in supply chain security for semiconductors. Meanwhile, the US and Japan have only 30% of the chipmaking capacity. On the other hand, Australia and India still do not have any leading chipmakers and India is heavily reliant on China for the same.

    Quad Summit

    Earlier, on September 14, US President Joe Biden announced the first-ever in-person Quad Leaders summit at the White House on September 24. For the summit, Biden will be hosting Prime Minister of India Narendra Modi, Prime Minister Scott Morrison of Australia, and Japanese Prime Minister Yoshihide Suga. This was announced by White House Press Secretary Jen Psaki in a statement. This would be the first face-to-face Quad Summit after Quad leaders held a virtual meeting in March.

    Meanwhile, the Quad Summit will be focused on deepening ties and enhancing practical cooperation in areas such as fighting the COVID pandemic that has rocked the world since 2020.

    Image: AP/PTI

    Source: https://www.republicworld.com/world-news/rest-of-the-world-news/quad-leaders-including-india-agree-on-a-safe-and-secure-supply-chain-of-microchip-tech.html

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    Supply Chain

    New GS1 US ‘Next Level Supply Chain’ Podcast Explores Supply Chain Innovations and Transformation With Top Experts

    EWING, N.J., Sept. 9, 2021 /PRNewswire/ — GS1 US has launched a new podcast called ‘Next Level Supply Chain with GS1 US,’ which explores the rapi…

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    EWING, N.J., Sept. 9, 2021 /PRNewswire/ — GS1 US has launched a new podcast called “Next Level Supply Chain with GS1 US,” which explores the rapid transformation of supply chains to meet the needs of today’s consumers. Beginning today, new episodes will debut every other Wednesday on Amazon Music, Apple, Spotify, and other listening platforms.

    Podcast hosts Reid Jackson, vice president of business development at GS1 US, and Liz Sertl, senior director of community engagement at GS1 US, will interview guests – from large corporations, small businesses and academia – across multiple industries to explore what’s impacting supply chains globally. With mounting pressure for supply chains to integrate technology and use data in new ways to become more efficient, resilient and transparent, the podcast will present actionable insights to help professionals navigate change.

    With an extensive information technology background, Jackson helps lead the investigation of new technologies, partnerships and business processes that can benefit from the application of GS1 Standards. He collaborates with businesses large and small to help them understand the opportunities associated with leveraging emerging technologies.

    Sertl has more than 20 years of experience in the consumer packaged goods (CPG) industry and works closely with supply chain partners in the retail grocery and foodservice industries. She facilitates industry collaboration to develop best practices and guidelines that help companies improve product traceability and supply chain visibility through the adoption of GS1 Standards.

    Upcoming podcast episodes will cover:

    • Supply chain innovations and the lasting effects of the pandemic with Dr. Sanjay Sarma, vice president for open learning at the Massachusetts Institute of Technology (MIT) and a pioneer of radio frequency identification (RFID) technology
    • Innovations in food waste featuring Katherine Sizov and Jay Jordan, founders of Strella Biotech—an innovative startup that utilizes proprietary sensors, IoT networks, and data analysis to interpret the shelf life and maturity of fruit, helping to end food waste
    • Supply chain technology acceleration with Leslie Shannon, head of ecosystem and trend scouting at Nokia, who discusses mind-blowing technologies on the horizon that will help businesses become more productive and innovative

    “This is a critical time in supply chain modernization, with the pandemic creating massive disruption and the conscious consumer challenging the way things have always been done,” said Jackson. “Next Level Supply Chain’ gives us the opportunity to sit down with brilliant minds and discuss riveting topics around new trends affecting the movement of goods and other current hot-button issues.”

    “Since the inception of the barcode, GS1 US has always played a unique role in bringing together industry leaders to solve problems and better understand trends affecting their businesses,” added Sertl. “Through the podcast, we will convene community experts in an engaging format to further examine challenges and opportunities that all companies are facing today.”

    To suggest a guest, listen to episodes and learn more about “Next Level Supply Chain with GS1 US,” please visit https://next-level-supply-chain-with-gs1us.podcastpage.io/.

    About GS1 US
    GS1 US®, a member of GS1 global, is a not-for-profit information standards organization that facilitates industry collaboration to help improve supply chain visibility and efficiency through the use of GS1 Standards, the most widely used supply chain standards system in the world. Nearly 300,000 businesses in 25 industries rely on GS1 US for trading partner collaboration that optimizes their supply chains, drives cost performance and revenue growth, while also enabling regulatory compliance. They achieve these benefits through solutions based on GS1 global unique numbering and identification systems, barcodes, Electronic Product Code (EPC®)-based RFID, data synchronization and electronic information exchange. GS1 US also manages the United Nations Standard Products and Services Code® (UNSPSC®). For more information, please visit https://www.gs1us.org.

    Cision View original content:https://www.prnewswire.com/news-releases/new-gs1-us-next-level-supply-chain-podcast-explores-supply-chain-innovations-and-transformation-with-top-experts-301371664.html

    SOURCE GS1 US

    Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

    Sertl has more than 20 years of experience in the consumer packaged goods (CPG) industry and works closely with supply chain partners in the retail grocery and foodservice industries. She facilitates industry collaboration to develop best practices and guidelines that help companies improve product traceability and supply chain visibility through the adoption of GS1 Standards.

    Source: https://markets.businessinsider.com/news/stocks/new-gs1-us-next-level-supply-chain-podcast-explores-supply-chain-innovations-and-transformation-with-top-experts-1030790259?op=1

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