Smart and Mobile Supply Chain Solutions Market Analysis and Forecast 2020: By Keyplayers SAP SE, Kewill Systems plc, Oracle Corporation, GT Nexus Inc., JDA Software Group, Inc., Infor Global Solutions, Inc., Manhattan Associates, Inc., Descartes Systems G

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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.
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.

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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.

2. 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.

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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

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.

2. 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 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.

2. 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.

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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.

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