Disruptors Poised to Impact Global Sourcing and Logistics
Summary
Estimating which logistics and global sourcing trends will create a difference to businesses in any given year has become notoriously difficult, given the speed at which technology, in particular, can suddenly disrupt the way things are done.At the same time, technological developments like automated transportation, Internet of Things, and similar futuristic innovations, have been offering the promise of disruption for last few years without really delivering, though there is little doubt that they will, maybe in 2018, or maybe later.Furthermore, approximately 63% of Europe companies plan to move at least some of their supply chain out of Great Britain with Brexit, as per CIPS.The amalgamation of the sheer magnitude of China’s manufacturing infrastructure, combined with its ambitious “One Belt, One Road” initiative, will continue to catapult China’s dominance in the international procurement and supply chain realm.Additionally, to its present infrastructure plans that aim to connect China’s resources with Western and Eastern Europe, the country is making big moves to fill the vacuum that appears to be forming with the United States more protectionist policies under President Donald Trump.