Predictions for the future of Distribution
By Terry Smagh, Senior Vice President & General Manager, Asia Pacific & Japan at Infor The distribution industry connects producers and manufacturers with consumers in a rapidly evolving global marketplace. As technology advances at an unprecedented pace, the distribution landscape is poised for significant transformation over the next decade. Here are 10 trends and predictions that I believe will shape the future of distribution, enabling businesses to stay ahead of the curve and thrive in the dynamic market of tomorrow. Automation revolutionises supply chains: The rise of automation, driven by robotics and artificial intelligence, will profoundly revolutionise and reshape supply chains. Smart warehouses with cutting-edge technologies, including autonomous vehicles, state-of-the-art automated picking systems, and advanced predictive analytics, will optimise inventory management, significantly reduce costs, and remarkably enhance operational efficiency. Therefore, deploying a best-in-class warehouse management system (WMS) is of utmost importance as it acts as a crucial link, seamlessly connecting your automation to your enterprise resource planning (ERP) system, facilitating smooth and efficient operations. Advanced analytics and big data drive decision-making: Looking ahead, the future of distribution heavily relies on harnessing the immense power of big data and advanced analytics, which play a pivotal role in shaping strategic decision-making processes. Forward-thinking businesses will utilise sophisticated predictive algorithms and real-time data analytics to make highly informed decisions, optimise inventory levels, accurately predict demand patterns, and deliver personalised customer experiences. To fully leverage these invaluable data tools, distributors should migrate their ERP systems to the cloud, enabling them to effectively deploy and capitalise on the transformative potential of advanced analytics and big data. Last-mile delivery revolution: Last-mile delivery is on the verge of a transformational shift as pioneering delivery models emerge and gain widespread adoption. Cutting-edge technologies such as drones, autonomous vehicles, and delivery robots are poised to become commonplace, revolutionising […]