Supply Chain TecH

The COVID-19 pandemic marked a turning point in supply chain concerns for businesses around the world, especially those who offshore certain parts of their supply chain. These supply chain disruptions spurred the emergence of new technologies that help businesses gain critical insights into the operations, inventory and demand to streamline supply chain processes.

In this context, the convergence of IoT, 5G, and AI/ML is set to revolutionize the supply chain industry, ushering in a new era of innovation and growth. The sector is projected to reach a value of USD37 billion by 2027, indicating its substantial expansion and potential. Israel has emerged as a key player, renowned for its strong emphasis on technology and innovation. Israeli start-ups are leading the way, spearheading the development of cutting-edge solutions that optimize various aspects of the supply chain, ranging from warehouse management to last-mile delivery. Collaborations between these start-ups and larger SMEs have further catalyzed growth and profitability.

Competition between companies used to be primarily focused on factors such as prices and market positioning. However, in today’s rapidly evolving business landscape, companies have shifted their attention to their competitors’ supply chain. They recognize that understanding their rivals’ strengths, vulnerabilities, and predicting their future moves can provide a significant strategic advantage. This shift in focus highlights the growing importance of supply chain management in gaining a competitive edge.