The Economic Times Supply Chain Management & Logistics Summit ​

From present or new geopolitical conflicts and inflationary pressures to climate change related events and other emerging issues, supply chain disruptions are expected to stay in 2023. However, this year maybe a ground-breaking year for the sector due to factors such as technology and changing markets. In the coming years, predictive analytics tools, blockchain technology, artificial intelligence, and Industry 4.0 are all expected to revolutionize the way businesses operate their supply chains. With these changes, businesses will be able to make better decisions, lower expenses, and respond swiftly to fluctuating market conditions.

The annual summit is the most prestigious and influential meeting of supply chain leaders. Over the years, it has served as a platform to engage in dialogue with the leaders on the most important opportunities and challenges of recent times.

From present or new geopolitical conflicts and inflationary pressures to climate change related events and other emerging issues, supply chain disruptions are expected to stay in 2023. However, this year maybe a ground-breaking year for the sector due to factors such as technology and changing markets. In the coming years, predictive analytics tools, blockchain technology, artificial intelligence, and Industry 4.0 are all expected to revolutionize the way businesses operate their supply chains. With these changes, businesses will be able to make better decisions, lower expenses, and respond swiftly to fluctuating market conditions.

Top 10 Supply Chain Trends

Big data and analytics

Digital supply chain

Supply chain risk and resilience

Artificial intelligence and machine learning

Robotics

Data security and cybersecurity

Circular and sustainable supply chains

Essential goods supply chains

Smart Logistics and the Internet of Things

Logistics vulnerability

Is India the next supply chain hub?

Globally, the supply chain sector is undergoing a major transformation due to the geopolitical realities, and gradually India is becoming an emerging manufacturing and logistics hub. Companies are slowly shifting their focus from China to countries like India, which is attracting more foreign direct investment (FDI) than China in the textile and apparel sector.

In terms the logistics sector, India is expected to grow from a USD200 billion market in 2020 to USD320 billion by 2025. India’s assertion that it will develop into a market with a well-integrated supply chain is supported by its diverse business environment, affordable and skilled labour, solid macroeconomic fundamentals, favourable demographic dividend, improved ranking for ease of doing business, access to abundant resources, and its growing market of 1.3 billion people.

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