Gartner Top Trends in Strategic Supply Chain Technology 2023 report uncovers the digital solutions that will help decision makers optimize their supply chains while remaining agile, flexible, and open to adapting new business models.
The challenges to optimal supply chain operations are many.
For one, the complexity of global supply chains is only increasing which makes planning and operations more difficult. For another, the pressures of inflation and the volatility of costs have put incredible economic pressure on decision makers. Supply chain leaders are also being challenged to maintain their teams, retaining the talent that they need to advance towards their KPI targets.
Gartner survey of supply chain professionals revealed that, in the face of these challenges, they were focused on three core priorities:
Supply chain leaders understand that achieving their targets for each of these priorities requires technological assistance, and Gartner report identifies the three areas where new technology trends are emerging in 2023.
The report identifies three trend profiles for the emerging strategic supply chain technologies: Optimize, Scale, and Pioneer.
Within the Optimize profile, Gartner analysts have identified three key technologies:
Under the Scale profile, Gartner listed another three key technologies:
Finally, under the Pioneer profile, Gartner identifies two key trends:
As well as identifying the technology trends that are emerging in the supply chain space, the Gartner analysts also identified other technologies that they deemed ‘evolved’. Alongside ecosystem enablement and sustainability, the analysts identified the Digital Supply Chain Twin (DSCT).
The DSCT has been cited by Gartner for the last four years as a top trend. Now, though, the DSCT is “recognized as foundational technology for advancing to higher maturity and leveraged not only by highly mature organizations, but also across organizations of any size and industry”.
Companies like Cosmo Tech have demonstrated how DSCTs can be leveraged by supply chain leaders to optimize operations and improve productivity and efficiency.
Whether is it improving production planning to lift operational efficiency by 10%, optimizing a strategic sourcing strategy to increase profit margins by 5%, or improving production planning and scheduling so that production throughputs go up while stock levels and cycle times go down, the impact of Cosmo Tech’s AI Simulation DSCTs is significant and clear.