2022: a year filled with its fair share of challenges and transformations. However, DB Schenker took on a mission to deeply understand the evolving dynamics of the supply chain industry. The result? The comprehensive Trend Report 2023.
In our previous update, we focused on the Political & Legal dimension, one of the five critical areas of analysis. Building on this foundation, let us now dive into the Economic dimension. In this update, we explore the trends, shifts, and opportunities emerging within the economic landscape of the supply chain industry. By understanding the economic forces at play, the report states that we can better adapt, innovate, and position ourselves for success in the dynamic marketplace of the future.
Unlocking the Power of Digitalization across Multiple Industries
Participants from diverse industries have recognized the tremendous value of “Mass Digitalization.” While other essential topics like environmental focus, workforce shortage, and e-commerce acceleration were considered, Mass Digitalization stood out. In today’s business world, digitalization has become essential, driving the demand for data, connectivity, and advanced technology. With IoT sensors, RFID tags, and GPS tracking enhancing decision-making, optimizing operations, and boosting customer satisfaction, we learn through the trend report that embracing the power of data sharing and collaboration and improving visibility is needed to thrive in the rapidly evolving business landscape.
Signals of Change – Mass Digitalization
The trend indicates widespread adoption of digitalization across industries fuels the need for data and connectivity, leading to a significant shift in how companies gather, analyze, and leverage information. This digital revolution holds particular significance in the logistics sector, where the seamless transportation of goods is of utmost importance. The introduction of technologies like the Internet of Things (IoT) has enabled global connectivity, with billions of active IoT connections projected in the coming years. The advancement of 5G technology promises enhanced efficiency in digital logistics, warehouse automation, and the potential for autonomous vehicles. Artificial intelligence (AI) is reshaping the boundaries of jobs, with advanced analytics and AI solutions revolutionizing supply chain operations and streamlining customs clearance processes. These technological advancements are reshaping the logistics landscape, enabling greater efficiency, automation, and innovation in industry.
The report’s findings highlight the expanding scope of digitalization, transcending logistics and permeating adjacent industries like manufacturing. As businesses embrace this digital era, the pursuit of accurate visibility becomes paramount for success in a rapidly evolving landscape. To ensure you understand the report comprehensively, explore the previous introduction, where we discussed the broader context and the Political & Legal dimension of the DB Schenker Trend Report 2023. To download the full Trend Report, follow this link.
Published: June 2023
