Supply chain technology trends also heavily feature robotics, IoT, and blockchain, which are all projected to make the supply chain … With organizations being spread out so far and wide, any event that disrupts the supply chain can be catastrophic to operations—costing time, money, and sometimes lives—and put critical customer service obligations at risk. Essentially, blockchain is a way of distributing the process of verification for anything from financial transactions to logging shipping information. Specifically, I have worked in advanced analytics, strategic planning and optimization-under-uncertainty within supply chains. The demographics as well as other behavioral information in that location determines how and what will be stocked, and this information can be changed depending on shifts in behavior or external factors. Some are subject to significant change. With smaller, last-mile distribution centers being built no farther than six or nine miles from major metropolitan areas, the work of delivering packages can be done by a combination of traditional shipping as well as autonomous vehicles and even drones. Some are subject to significant change. This can be a revolutionary new tool, for instance, if a company is shipping perishables like fish, and they must remain at a certain temperature the entire way. It is this dynamic, always moving, real-time representation that will allow businesses to have complete situational awareness and predictive control of all aspects of their organizations in the future. The paper analyses and develops key aspects, concepts and principal themes concerning the emergence and evolution of supply chains over their lifecycle. What retailers call “the last-mile”—the final delivery destination that goods must make from warehouse or the transportation hub is becoming a growing problem, especially in urban areas, as customers need fast and flexible deliveries. One reality that has complicated supply chains of the future in terms of sheer logistics, is their global nature. The authors focus on strategic, tactical, and operational aspects of supply chain … Location intelligence gives a comprehensive view of all parts of the supply chain, and most importantly, allows personnel to know what is happening and where in near real-time. © 2020 Forbes Media LLC. A number of emergent themes and propositions on factors affecting a supply chain’s characteristics over its lifecycle are presented. (Department of Industrial Management and Logistics. One reality that has complicated supply chains of the future in terms of sheer logistics, is their global nature. Understanding the supply chain lifecycle and how supply chains evolve provides new perspectives for contemporary supply chain design and management. A retailer can therefore use AI to predict which products are more cost-efficient to stock in a certain warehouse based on its proximity to certain areas. Demand for goods has far outpaced the capacity for many businesses to deliver. Multi-faceted big data from specific geographic locations blended with online interactions can show buying patterns based on certain times, events, and conditions within detailed customer segments. Once management finally discovers the root of the issue, it might be too late to mitigate damage, especially if they operate across the world and in different time zones from where the disruption is taking place. MacCarthy, B.L., Blome, C., Olhager, J., Srai, J.S. Previously, I worked in the consumer goods industry as a supply chain optimization and analytics specialist. The paper defines the supply chain lifecycle and identifies six factors that interact and may affect a supply chain over its lifecycle – technology and innovation, economics, markets and competition, policy and regulation, procurement and sourcing, supply chain strategies and re-engineering. New supply chains may emerge and evolve for a variety of reasons. You can join in the discussion by joining the community or logging in here.You can also find out more about Emerald Engage. (2016), "Supply chain evolution – theory, concepts and science", International Journal of Operations & Production Management, Vol. These can range in anything from labor disputes to natural disasters. They then verified if they needed help or resources, given the impact, to get the operations back up and productive. Comprehensively teaches the fundamentals of supply chain theory This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. https://doi.org/10.1108/IJOPM-02-2016-0080. You may be able to access this content by logging in via Shibboleth, Open Athens or with your Emerald account. I am currently an Industry Strategy Lead for the Supply Chain department at Esri where I use Esri’s ArcGIS platform to conduct spatial analysis, supply chain freight…. If you think you should have access to this content, click the button to contact our support team. The company shipping the fish can see if the temperature exceeded the allowable threshold and the real temperature at any point in the journey, and if this has affected the cargo this capability allows them to mitigate food quality issues. You may opt-out by. One way forward-thinking businesses are evolving to meet consumer demands, while at the same time keeping overhead costs low is to automate some of their last-mile delivery systems. 1696-1718. https://doi.org/10.1108/IJOPM-02-2016-0080, Copyright © 2016, Emerald Group Publishing Limited. I have a PhD in Transportation and logistics with a specialty in Supply Chain Systems and a M.Sc. Over time, the aggregated blockchain ledger information can reveal weaknesses within the supply chain and help organizations continually optimize operations. For instance, a magnitude 7.1 earthquake in central Mexico closed several roadways and impacted the supplier operations of a major US car manufacturer. Ultimately, automated vehicles and drones may also help retailers dramatically cut the cost and burden last mile delivery has on infrastructure.

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