The supply chain has given a competitive edge to businesses. In 2016, many companies made innovative use of logistics which solidified the place of supply chain management in the logistics business. Along with this, supply chain management courses and institutes have helped a lot too. But, as we are nearing the end of the first quarter of 2017, here are 9 trends that you can follow this year to take your business to the next level.
Narrow the barbell of e-commerce
The barbell effect should be in full force this year. Keep on expanding with high-end products at one end, along with the products that are used on daily basis.
Being innovative is the only way
What worked in the past is not going to work anymore. Bring all sorts of innovative ideas and put them to action to achieve remarkable results.
Trump and the new administration
If Trump does what he promised, companies will have to change their strategies for all the wrong reasons.
Otto and Self-driving trucks are here!
These services will not take off as fast as one thinks, but will eventually get into the business and could probably become your best asset.
Expansion of last-mile delivery
With self-driving technologies coming up, last mile deliveries are getting a boost.
Increase in exclusive merchandise and customer rewards
Independent retailers will try and compete with great companies by selling exclusive goods through their channels along with providing rewards to the loyal customers.
On-demand technology in the supply chain
If your supply chain is still traditional, it’s time you bring in on-demand technologies and generate positive results.
This was popular in 2015 and 2016, however; the concept still hasn’t been utilized fruitfully.
Automation replacing employees
Major industries have already started using robots for different purposes. Expect to feel the heat in 2017.
Walking with the trend is always helpful and profitable. These are some of the trends that might prove to be helpful for the rest of the year.