TECHNOLOGY
Hype Cycle for Supply Chain Strategy , 2020
Supply Chains Need IoT But the truth is that supply chains need IoT . Gartner ’ s report forecasts near ubiquity before the end of the decade . Five-fold growth in IoT application is expected between 2018 and 2028 , with 1.9bn IoT endpoints in use across manufacturing and natural resources industries by the end of the 10-year period .
These connected devices are becoming the eyes and ears through which professionals visualise and monitor their supply chain . As supply chains become ever more complex and global than ever before , supply chain leaders need greater visibility to surmount supply shocks , such as port closures , material shortages , and demand spikes .
“ We have categorised IoT as a transformational technology because it has the potential to impact many areas of the supply chain in a broad and profound way ”
MIKE BURKETT ANALYST AND RESEARCH VP , GARTNER SUPPLY CHAIN PRACTICE
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