Frost & Sullivan has identified 6 themes that are The high growth of wireless sensors (5 years expected to revolutionize the current supply chain CAGR* of 45%50%), coupled with the breadth related activities i.e. smart products, control-on-the-go, of applications using cellular communication, has track and trace, advanced Supply Chain Management provided diverse value chain participants a (SCM), Big Data and analytics, and advanced logistics. means to monitor their movable assets. 6 Disruptive Themes Embedded Intelligence
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In contrast to traditional industrial handheld devices, the high penetration of smartphones (5 years CAGR of 14.7%) enables personnel across the supply chain a cost-effective means to monitor key metrics and streamline MRO** related Big Data and Analytics activities. The influx of Big Data across Product Traceability Beyond Traditional SCM Platforms the supply chain, in particular Compliance with regulatory unstructured data, has mandates across vertical markets In addition to the adoption of SCM resulted in key value chain and geographies has paved the software used to oversee key supply participants looking for state- way for wide-scale acceptance of chain operations, solution providers are of-the-art analytical platforms track and trace solutions that allow targeting niche areas such as workforce to convert raw data into key stakeholders to authenticate optimization and fleet management actionable insights that product at various transit points (5 years CAGR of 20%25%) to improve improve the overall across the supply chain the overall customer experience. operational efficiency. Key: CAGR: Compounded Annual Growth Rate; MRO: Maintenance, Repair, and Operations Source: Frost & Sullivan