SMART AND MOBILE SUPPLY CHAIN SOLUTIONS MARKET ANALYSIS

Supply chain management is the management of the flow of goods and services, which includes all processes that transform raw materials into final products. Supply chain solutions heal effectively with the risk associated with supply chains. These risks include the level of inventory, the supply of goods against demand forecast, asset tracking, and services. These solutions help organizations achieve their business objectives by providing effective and efficient supply chain services. Supply chain solutions are becoming more interconnected, intelligent, and instrumented, due to advances in technology.

The global Smart and Mobile Supply Chain Solution Market is estimated to account for US$ 19,076.0 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of 17.5% during the forecasted period (2022-2030).

Market Opportunity

Demand-driven forecasting can present lucrative growth opportunities

Demand-driven forecasting is a major opportunity for the players in the smart supply solutions market. In the past, manufacturing companies relied on demand forecasts based on historical sales data to predict what to manufacture and ship to customers. However, a rising trend for demand-driven supply chains is being observed in the global supply chain market. Companies are using “demand signals” for replenishment and production planning. Demand signals are electronic signals generated by various events across the supply chain. For instance, the bar code is one of the most commonly used demand signals for demand forecasting.

 Research and development activities can provide major business opportunities

Key players in the market are focused on research and development activities, in order to expand the product portfolio. For instance, in September 2014, SAP SE launched a cloud-based supply chain solution that is anticipated to leverage connectivity, insights, and community among other networks. In December 2014, Oracle Corporation introduced its solutions for Project-Driven Supply Chain to offer improved profitability and project performance to its customers.

Market Restraint

Cost volatility is expected to restrain the growth of the global smart and mobile supply chain solutions market during the forecast period

Cost volatility remains a major challenge in the field of mobile supply chain solutions. The majority of supply chain executives are focused on the cost-effectiveness of the operations. However, rapid changes in internal costs such as spikes in commodity prices, rapid wage inflation, or even sudden credit freezes are becoming more common. For instance, rising fuel prices affect SCM significantly, which leads to a revaluation of distribution strategies, load sharing, and third-party engagement. Shifts in operational fundamentals and other costs are taking place so quickly that supply chain executives are finding it difficult to match the implementation of supply chain solutions with cost volatility. Moreover, companies that rely on the supply chain are focused on the long-term implementation of supply chains, in order to meet cost volatility. Thus, such factors are expected to restrain the growth of the market in the near future.

 Low visibility of information is expected to hinder the global smart and mobile chain solutions market growth over the forecast period

Lack of information transparency is another major hindering factor for the growth of the market. Although a vast amount of information is available throughout the supply chain, the majority of service providers find it challenging to record and gather this information. Moreover, despite having better network connectivity, getting feasible information is one of the greatest challenges for service providers. Since primary decision-makers are focused on constant process improvement, strategy alignment, and cost reduction, very few initiatives are carried out to drive integration and visibility of information within and outside the organization. Hence, these factors are expected to hinder market growth in the near future.

Global Smart And Mobile Supply Chain Solution Market - Impact of Coronavirus (Covid-19) Pandemic:

The COVID-19 pandemic has had a major impact on the global smart and mobile supply chain solutions market. With consumers and businesses around the world being forced to stay at home, the demand for convenient, contactless, delivery and payment options has skyrocketed. Companies in the smart and mobile supply chain solutions market have been quick to respond, developing technologies such as contactless delivery, mobile payment solutions, and automated customer service. These solutions were providing businesses with the tools they need to remain competitive in a rapidly changing market.

Furthermore, the widespread adoption of these technologies has passed as businesses strive to become more efficient and cost-effective. All such factors has positively as well as negatively impacted the global smart and mobile supply chain solutions market during COVID-19

Competitive Scenario

Key players operating in the global smart and mobile supply chain solutions market are SAP SE, Kewill Systems plc, Oracle Corporation, GT Nexus Inc., JDA Software Group, Inc., Infor Global Solutions, Inc., Manhattan Associates, Inc., Descartes Systems Group, Inc., Epicor Software Corporation, and IBM Corporation.

Recent Developments:

1. In February 2022, Oracle, a global player in software development and deployment, made an announcement that Bharti Airtel, a communication-based solutions provider, has taken Oracle Fusion Cloud Supply Chain & Oracle Fusion Cloud Enterprise Resource Planning to digitalize their planning, finance, and supply chain processes.

 Forecasted North America is expected to hold a dominant position in the Smart and Mobile Supply Chain Solution in 2030

Statistics:

North America held a dominant position in the global Smart and Mobile Supply Chain Solution Market in 2021, accounting for a 39.1% share in terms of value, followed by Europe, APAC and RoW respectively

Figure 1: Global Smart and Mobile Supply Chain Solution Market Share (%), By Region, 2021

To learn more about this report, request a free sample copy

North America is expected to be one of the prominent regions in the global market and witness high growth during the forecast period. This is owing to the increased availability of instrumented, intelligent, and interconnected solutions.

 Figure 2: Global Smart and Mobile Supply Chain Solution Market (US$ Mn) Analysis and Forecast, 2017 – 2030

To learn more about this report, request a free sample copy

The Global Smart and Mobile Supply Chain Solution Market was valued at US$ 19,076.0 Mn in 2021 and is expected to reach US$ 80,053.43 Mn by 2030, growing at a CAGR of 17.5% between 2022 and 2030.