“Some manufacturers are actually adding older generation manufacturing equipment, and leading fabs are adding capacity and developing ever-smaller feature sizes, which means more chips on a wafer,” he points out.
What are the forecasts for the supply chain for 2023?
In placing bets and looking at The role of technology in supply chain managementWe tapped a number of industry experts, and there were some common themes.
Mike Graziano is a senior consumer products analyst at RSM US LLPHe points out that supply chains, before the pandemic, were often an afterthought for companies due to the consistency of price and timing of receipt of goods. Times have of course changed – a little – and more companies are re-evaluating their supply chains and are expected to continue to do so to mitigate single-sourcing risks and move production closer to the end consumer in order to reduce the time needed to meet consumers' needs. market.
““Although the pandemic appears to be largely behind us, it has left a higher degree of volatility in its wake,” he adds.. “Technology competition between the United States and China is also likely to increase volatility in supply chains, as a significant amount of electronics manufacturing and assembly takes place there. Manufacturers and retailers need to closely monitor their suppliers and their suppliers' suppliers so as not to become involved in supply chain shortages in the future. Subsidies in the US CHIP Act and Intel's move into the foundry business could ensure more chips are available domestically.
“Given recent events, supply chains are likely to place a greater emphasis on resilience – trying to adapt to factors such as pandemics, natural disasters, geopolitical events and supply chain bottlenecks,” he adds. Sourav Banerjee, Infosys Senior Vice President and Head of Industry, Consumer Retail and Logistics. “As customer demand continues to evolve, supply chains may become better able to deliver highly personalized products and experiences. We already have the technology expertise to do this.
How will technology change the supply chain in the future?
In short, benefit Technology in supply chain operations This will lead to a more flexible and collaborative supply chain, enabling retailers and manufacturers to better meet the needs of consumers and retailers. It also has the potential to increase sustainability, as utilizing technology properly can increase efficiency and reduce waste.
In fact, when you look at… The future of the supply chainBanerjee notes that A The focus on sustainability is likely to be intensified. “We may see more localized and flexible production reducing the need for large-scale inventories and increasing responsiveness.”
