How Supply Chain Management Solutions are Shaping Supply Chain Industry

Valuations for supply chain systems integrators outperformed those of traditional supply chain service firms. 

As the saying goes, “When America sneezes, the rest of the world catches a cold.” This quote used to be true of global economies. But, all it took was a Coronavirus disease (COVID-19) outbreak in China to prove that supply chains have become so dependent and intertwined, that when a region suddenly shuts down, it affects many industries, sectors, and ultimately, consumers.

Companies along the chain face various challenges, and it’s all fair game—better prepared, better-equipped firms come out better off, while others may not survive a supply chain chock. 

The market for supply chain management (SCM) solutions has picked up significantly. Enterprise adoption of SCM platforms has undergone significant disruption over the past decade, as core systems shift to the cloud. In fact, a Research and Markets analysis estimates the total addressable market for all SCM solutions to reach $22.7 billion by 2022.