Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

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 solutions market is estimated to account for US$ 51,123.3 Bn in terms of value by the end of 2027.

Market Dynamics- Drivers

  1. Availability of instrumented, intelligent, and interconnected solutions is expected to drive growth of the global smart and mobile supply chain solutions market during the forecast period

The key part of supply chain management (SCM) is the supply and distribution of goods. Supply chain activities play a major role in generating information and gathering generated information from retailers, manufacturers, and wholesalers. Information flow from retailers and suppliers is multiplying, due to increasing compliance mandates, which is making the supply chain more vulnerable, complex, and expensive. Radio-frequency identification (RFID) tags, sensors, actuators, a global positioning system (GPS), meters, and other devices are used for information gathering. Connectivity among the entities of the supply chain is expected to play a major role in its efficient management. Intra-supply-chain connectivity is not limited to suppliers, customers, and IT systems; rather, it extends to products, parts, and other smart objects. The smart solutions are capable of making most of the less complex decisions automatically, which limits the need for human intervention and increases the responsiveness of the entire supply chain. Hence, these factors are expected to drive growth of the global smart and mobile supply chain solutions market during the forecast period.

  1. Increasing demand from emerging markets and globalization is expected to propel the global smart and mobile supply chain solutions market growth over forecast period

Rising globalization has increased the demand for mobile and supply chain solutions. Supply chain solution providers are focused on exploring and using smart and innovative methods to reduce lead time, operating costs, and inventory required to meet varying market needs, due to globalization. Hence, many companies are focused on the development of their solutions, in order to handle the complexities of business and growing uncertainties globally. Moreover, the adoption of smart and mobile supply chain solutions allows companies to expand their global presence. If companies let their global footprints become larger without considering how their supporting operations should be rationalized, optimized, and redesigned, such companies would lose opportunities for higher profits and growth. Thus, these factors are expected to drive growth of the global smart and mobile chain solutions.

Statistics:

North America held dominant position in the global smart and mobile supply chain solutions market in 2019, accounting for 35.1% share in terms of value, followed by Europe, APAC and RoW respectively

Figure 1: Global Smart and Mobile Supply Chain Solutions Market Share (%), in terms of Value, By Region, 2019

Smart and Mobile Supply Chain Solutions  | Coherent Market Insights

Market Dynamics- Restraints

  1. Cost volatility is expected to restrain 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. 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 reevaluation 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 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 growth of the market in the near future.

  1. 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 growth of the market. Although a vast amount of information is available throughout the supply chain, majority of service provides find it challenging to record and gather this information. Moreover, despite have 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 the market growth in the near future.

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Smart and Mobile Supply Chain Solutions Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 14,354.3 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 17.2% 2027 Value Projection: US$ 51,123.3 Bn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Component:
    • Software: Connected TMS, Connected WMS, Connected Sourcing and Procurement, Connected SCP, Connected MES, Connected Analytics.
    • Services: Consulting, Management, Integration.
  • By End-use Application: Retail, IT and Telecommunication, Manufacturing, BFSI, Government, Energy and Utility, Healthcare, Logistics and Transportation, Others.
Companies covered:

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.

Growth Drivers:
  • Availability of instrumented, intelligent, and interconnected solutions
  • Increasing demand from emerging markets and globalization
Restraints & Challenges:
  • Low visibility of information
  • Cost volatility

Market Opportunities

  1. 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.

  1. 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.

Figure 2: Global Smart and Mobile Supply Chain Solutions Market Value (US$ Bn), 2017 - 2027

Smart and Mobile Supply Chain Solutions  | Coherent Market Insights

The global smart and mobile supply chain solutions market was valued at US$ 14,354.3 Bn in 2019 and is forecast to reach a value of US$ 51,123.3 Bn by 2027 at a CAGR of 17.2% between 2020 and 2027.

Market Trends

  1. Green Supply Chain is a major trend

Businesses across the world are seeking smart solutions to reduce their carbon footprints and supply chain waste. Thus, the greener supply chain is an emerging trend in the smart and mobile supply chain solutions market. Carbon accounting, greenhouse gases (GHG), renewable energy, sustainability, and the use of land and water are some of the major factors considered in green supply chains. Businesses are adopting creative and collaborative planning for shippers and logistics providers to find and manage schedule requirements in better ways. Consumer awareness and reusability of the products used for packaging and transportation are prime factors driving the greener SCM initiatives. Use of green SCM solutions can also lead to increased efficiency and reduced delivery time.

  1. Omni-channel supply chain is another major trend

The trend for online shopping has increased drastically in the last few years. Thus, as more customers shop online, retailers have to support supply chains for both virtual and physical stores. At the onset of e-commerce, most retailers and manufacturers set up separate supply chains with dedicated distribution centers for physical stores and online orders. However, many retailers and wholesalers sought to create a common pool of inventory for both types of supply chains. In this type of inventory, products are used to fulfill requests from both virtual and physical stores. For instance, In November 2014, IBM Corporation formed a partnership with JDA Software Group Inc., a logistics and supply chain software and technology provider, to offer an integrated omni-channel supply chain solution.

Global Smart and Mobile Supply Chain Solutions Market - Impact of Coronavirus (Covid-19) Pandemic

Due to Covid-19 pandemic, many industries witnessed significant shift in their business. Due to negative impact of the COVID-19, some of the non-medical manufacturing companies have started manufacturing masks, ventilators, and related components, sanitizer, and others to contain the spread of covid-19. This is a short term strategy to minimize the impact of this pandemic. Moreover, companies are now using Manufacturing execution systems (MES) in order to monitor real-time production and other operations of manufacturing plants. This will reduce the requirement for onsite and shop employees to check overall production of the plant. As most of the countries have imposed lockdown, the demand for the software is decreased. These software model offers various advantages such as reduce time to benefit, lower costs, enhanced scalability & integration, latest upgrades, and easy-to-use and perform. Many companies are offering smart and supply chain solutions in terms of the SaaS model, in order to gain a competitive edge in the market.

Competitive Section

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.

Key Developments

  1. Key companies are focused on product launches, in order to enhance the market presence. For instance, in May 2020, SAP SE launched a new supply chain planning solution for demand-driven replenishment.
  2. Major players are involved in product launches, in order to gain a competitive edge in the market. For instance, in October 2019, IBM Corporation introduced a new integrated supply chain suite incorporated with Watson AI and IBM Blockchain.

Smart and mobile supply chains solutions are the software applications that provide complete business visibility, optimization and synchronization with demand and supply. Smart supply chain solutions help companies to deal effectively with the risk associated with supply chains. It includes asset tracking, level of inventory, the supply of goods against demand forecast, and services. These solutions help organizations achieve their business objectives by providing effective and efficient supply chain services.

Market Dynamics

Increasing demand from emerging markets and globalization is expected to drive market growth over forecast period. Rising globalization has increased the demand for mobile and supply chain solutions. Supply chain solution providers are focused on exploring and using smart and innovative methods to reduce lead time, operating costs, and inventory required to meet varying market needs, due to globalization. Hence, many companies are focused on the development of their solutions, in order to handle the complexities of business and growing uncertainties globally. Moreover, the adoption of smart and mobile supply chain solutions allows companies to expand their global presence. Thus, these factors are expected to drive growth of the global smart and mobile chain solutions.

Increasing demand for dynamic supply chain solutions is expected to drive market growth during the forecast period. Supply chain solutions and business conditions have changed significantly in the recent past. As a result of this, many companies are facing new challenges and issues regarding economic uncertainties to technological changes. Furthermore, urbanization is expected to increase in the near future. According to World Health Organization (WHO), in 2014 the urban population accounted for 54% of the total global population; by 2017, even in less-developed countries, the majority of the population would be living in urban areas. Since the larger part of the population is moving toward urban areas, the dependency on technology is expected to increase as well. As a result of this, supply chain providers have incorporated new technologies in their solutions to meet the surging demand of the population. These factors are expected to drive growth of the global smart and mobile supply chain solutions market during the forecast period.

Market Taxonomy

This report segments the global smart and mobile supply chain solutions market on the basis of component, application and region. On the basis of component smart and mobile supply chain solutions market is segmented into component (software (connected TMS, connected WMS, connected sourcing and procurement, connected SCP connected MES, connected analytics), services (consulting, management and integration). On the basis of application, the global smart and mobile supply chain solutions market is segmented into retail, IT and telecommunication, manufacturing, BFSI, government, energy and utility, healthcare, logistics and transportation and others. On the basis of region, the global smart and mobile supply chain solutions is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global smart and mobile supply chain solutions market and provides market size (US$ billion) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global smart and mobile supply chain solutions market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered 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.
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global smart and mobile supply chain solutions market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global smart and mobile supply chain solutions market.

Detailed Segmentation:

  • Global Smart and Mobile Supply Chain Solutions Market, By Component:
    • Software
      • Connected TMS
      • Connected WMS
      • Connected Sourcing and Procurement
      • Connected SCP
      • Connected MES
      • Connected Analytics
    • Services
      • Consulting
      • Management
      • Integration
  • Global Smart And Mobile Supply Chain Solutions Market, By End-use Application:
    • Retail
    • IT and Telecommunication
    • Manufacturing
    • BFSI
    • Government
    • Energy and Utility
    • Healthcare
    • Logistics and Transportation
    • Others
  • Global Smart And Mobile Supply Chain Solutions Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa
  • Company Profiles
    • SAP SE *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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
    • IBM Corporation

 *Browse all the market data tables and figures on “Global Smart and Mobile Supply Chain Solutions Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Component
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launch/Approval
  4. Impact of COVID-19 Pandemic on Smart and Mobile Supply Chain Solutions Market
    • Short Term and Long Term Impact, By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa
  5. Global Smart and Mobile Supply Chain Solutions Market, By Component, 2017-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Software
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
        • Connected TMS
        • Connected WMS
        • Connected Sourcing and Procurement
        • Connected SCP
        • Connected MES
        • Connected Analytics
    • Services
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
        • Consulting
        • Management
        • Integration
  6. Global Smart and Mobile Supply Chain Solutions Market, Application, 2017-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Retail
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • IT and Telecommunication
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Manufacturing
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • BFSI
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Government
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Energy and Utility
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Healthcare
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Logistics and Transportation
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
  7. Global Smart and Mobile Supply Chain Solutions Market, By Region, 2017-2027  (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Component, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Component, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Component, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Component, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Component, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • SAP SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Kewill Systems plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Oracle Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • GT Nexus Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • JDA Software Group, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Infor Global Solutions, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Manhattan Associates, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Descartes Systems Group, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Epicor Software Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • IBM Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

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Frequently Asked Questions

The global smart and mobile supply chain solutions market size was valued at US$ 14,354.3 million in 2019 and is estimated to exhibit a CAGR of 17.2 % between 2020 and 2027.
Major factor driving the growth of global smart and mobile supply chain solutions market during the forecast period is availability of instrumented, intelligent, and interconnected solutions.
Low visibility of information is expected to hinder the global smart and mobile chain solutions market growth over the forecast period.
North America smart and mobile supply chain solutions market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the 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.
Retail segment held the major market share in 2019 owing to the growing demand for industrial automation and expansion in e-commerce.
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