IBM Supply Chain Blog

OCTOBER 4, 2023

Consider this, a forecast by IDC shows that global spending on AI will surpass $300 billion in 2026, resulting in a compound annual growth rate (CAGR) of 26.5% from 2022 to 2026. Why does AI need an open data lakehouse architecture? New insights and relationships are found in this combination.

Data 77

Data Collaboration Strategy Sourcing 77

Supply Chain Game Changer

SEPTEMBER 16, 2021

Although every part of a parcel’s journey from source to recipient has experienced increased congestion in the past few years, last-mile logistics suffers the most. In early 2020, online shopping increased 74% and projections point to the surge continuing up to 200 billion packages annually by 2026.

supply chain software solutions 94

supply chain software solutions Logistics Management Supply Chain Efficiency 94

SCMDOJO

APRIL 24, 2024

These technologies can examine huge portions of data from multiple sources, and recognize patterns and tendencies that would be impossible for humans to discern. billion by 2026. For example, during the COVID-19 pandemic, many companies faced unprecedented challenges in sourcing raw materials and delivering products to customers.

Supply Chain Efficiency 90

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting 90

IBM Supply Chain Blog

MAY 25, 2023

IDC 1 estimates the AI Services market will grow from approximately $36 billion USD in 2023 to approximately $65 billion USD in 2026. Generative AI has progressed quickly beyond experimentation; businesses are embracing it to improve customer service, seize new market opportunities and more.

Innovation 99

Innovation Ethics Collaboration Data 99

IBM Supply Chain Blog

MAY 9, 2023

With watsonx, IBM will launch a centralized AI development studio that gives businesses access to proprietary IBM and open-source foundation models, watsonx.data to gather and clean their data, and a toolkit for governance of AI. Watsonx.data will be core to IBM’s new AI and Data platform, IBM watsonx, announced today at IBM Think.

Data 72

Data Sourcing Networking Leadership 72

IBM Supply Chain Blog

APRIL 10, 2024

By 2026, approximately 80% of software engineering organizations will establish platform teams as internal providers of reusable services, components and tools for application delivery. It supports futureproofing by allowing an easy progression to containers and microservices. It is a lightweight, fast Java runtime.

Innovation 88

Innovation Sustainability Risk Demand 88

Supply Chain Trend

MAY 26, 2024

Gartner estimates that 65% of short-term supply chain decisions can be autonomous by 2026. They can be applied to the decision scope of every meeting in the IBP cycle and support sourcing decisions, product portfolio decisions, price, margin or promotional decisions, gap closure decisions and risk & opportunity decisions.

Quality 78

Quality Data Strategy Demand 78

IBM Supply Chain Blog

OCTOBER 16, 2023

Gartner predicts that 90% of global enterprises will use containerized applications and one in five apps will run in containers by 2026, as CIO reported. Containers have increased in popularity and adoption ever since the release of Docker in 2013, an open-source platform for building, deploying and managing containerized applications.

Real-time Visibility 71

Real-time Visibility Import Sourcing Data 71

Procurement Heads

JANUARY 25, 2023

We are exploring the potential of alternative sources of energy for our vessels that will shape design decisions. The first new major vessel is set to enter into service no later than 2029, currently tagged for 2026. I would say a big focus for us is our planned major vessels programme.

Sustainability 130

Sustainability Supply Chain Efficiency Influencing Supply chain 130

Supply Chain Trend

OCTOBER 25, 2023

Specifically for supply chain, Gartner estimates are that short term planning decisions will be automated for 65% in 2026. Decision trees for the most common IBP decisions can be made like this for Finance, Sales, Marketing, Operation & Sourcing, highlighting where there is automation and augmentation potential.

e2e 88

e2e Supply Chain Efficiency Supply Chain Optimization Leadership 88

SCMDOJO

OCTOBER 14, 2023

As per an estimate , in 2020, its worth was $253 million and predicted to grow up to $3,272 million in 2026. This empowers all partners to follow the excursion of items from the source to the end client progressively, upgrading responsibility and lessening the gamble of misrepresentation or fake products.

Supply Chain Efficiency 105

Supply Chain Efficiency supply chain software solutions Supply chain management Supply chain management 105

Arkestro

MARCH 1, 2024

From a global pandemic completely disrupting supply chains to the emergence of artificial intelligence (AI) as a game-changing technology to automate sourcing, the industry is on a fast track to depart from the status quo of procurement in decades past. Why is a technology roadmap so important? soft skills) for procurement staff.”

Procurement 52

Procurement Contract Sourcing Negotiation 52

Zycus Cognitive Procurement

AUGUST 29, 2022

According to the Victorian Government’s Digital Strategy 2021-2026, a 4-step approach for selecting software is construed as the need of the hour. Let’s talk about strategic sourcing and the impact of digital transformation on it. They are promoting investing in SaaS over buying or building software of their own.

Risk management 52

Risk management Risk Suppliers Management 52

Arkestro

SEPTEMBER 29, 2023

By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate (CAGR) of nearly 20% , equating to $8.36 Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. billion in the U.S. Have some extra time?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

IBM Supply Chain Blog

MARCH 8, 2024

The agency predicts that by 2025, renewable energy will surpass coal to become the world’s top source of electricity. Wind and solar photovoltaic (PV) power generation are forecast to exceed nuclear power generation in 2025 and 2026, respectively. And by 2028, 68 countries will boast renewables as their main source of power.

Sustainability 67

Sustainability Sourcing Supply Chain Optimization Supply Chain Efficiency 67

SCMDOJO

JANUARY 18, 2024

billion figure by 2026, which was $1.0 Order processing It facilitates automated order-taking and processing from various sources integrated with the system. Different studies have been conducted, which revealed that there is a global increase in e-commerce, and OMS is needed to meet the requirements. billion in 2021.

Supply Chain Optimization 98

Supply Chain Optimization supply chain software solutions Supply Chain Efficiency Real-time Visibility 98

Procurement Software

NOVEMBER 21, 2022

Procurement is the function in companies that, on a general level, takes care of sourcing, managing vendors and tracking spend. There are some industries we can consider as the early movers in seeing the benefits of a professionalized sourcing function. billion by 2026, at a CAGR of 25,3%. The outlook for procuretech is bright.

supply chain budgeting 52

supply chain budgeting Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Barkers Procurement

JULY 12, 2023

United Utilities for example have lowered their greenhouse gas emissions by 70% since 2005/6 and Anglian Water are on track to generate 45% of their energy from their own renewable sources by 2025. Indeed, AMP8 is expected to enforce that suppliers have, or are working towards, science-based targets (SBTs) by 31 March 2026.

Supply Chain Efficiency 52

Supply Chain Efficiency Collaboration Contract Suppliers 52

Procurement Software

NOVEMBER 28, 2022

billion in 2021 to a projected $8 billion by 2026, which corresponds to a compound annual growth rate, or CAGR, of 25.3% In other words, I would lump e-sourcing, contract management and certain supply chain risk and resilience technology into this definition too. (Just for the record, I didn’t spend $4,500 to read it in full!).

Procurement 59

Procurement supply chain software solutions supply chain budgeting Supply Chain Efficiency 59

Finale Inventory

JANUARY 17, 2023

Industry standards also leave out the cost of product sourcing or production. Don’t forget to include online retailers with similar items for sale — e-commerce sales are expected to account for nearly a quarter of all global sales by 2026. You have to know the ins and outs of your local market.

Inventory 52

Inventory Price Demand Strategy 52

Planergy

AUGUST 9, 2022

Benefits of a Dropshipping Business According to Statista , the dropshipping market size is expected to reach over $476 billion (USD), globally, by 2026. According to Statista, the dropshipping market size is expected to reach over $476 billion (USD), globally, by 2026. What Is Niche Dropshipping and Why Choose Niche Products?

Order Fulfillment 52

Order Fulfillment Inventory Purchasing Suppliers 52

Procurement Insights

SEPTEMBER 14, 2024

So, how do you wade through the morass of GenAI hype to identify the players who will be around to celebrate the New Year in 2026? It’s not given definite set of rules, but it keeps learning from the context, from the intake, to sourcing, to techno commercial evaluation, to the final negotiation, how the vendor is responding.

Supply Chain Optimization 52

Supply Chain Optimization Buyers Procurement Negotiation 52

Procurement Insights

SEPTEMBER 11, 2024

April 2021) 1h Vera Rozanova MBA, MCIPS Chartered, MEng (Hons) , your high-level observations are sound, which makes the results referenced in the following even more perplexing – [link] How Useful Is The Gartner Hype Cycle for Procurement and Sourcing SolutionsI have only one question left to ask? Dr. Florian C.

Influencing 52

Influencing Procurement team Agile and Lean Supply Chain Procurement 52

Zycus Cognitive Procurement

APRIL 12, 2021

billion by 2026, at a Compound Annual Growth Rate (CAGR) of 31.0%. Read this article that outlines Zycus’ 5 Tips for Effective Source-to-Contract during Crisis. The COVID-19 pandemic has made the digital ecosystem play a pivotal role in people’s lives across the world. What does this mean for Procurement? Make Procurement Safer!

Procurement 40

Procurement Contract Data Demand 40

IBM Supply Chain Blog

APRIL 21, 2023

Publicly disclose sustainability policy and performance IBM Envizi ESG Suite provides a single source of truth for managing and reporting ESG data in a single software suite. This provides an audit trial with data linked to its source and enables easy traceability of supporting documentation.

Sustainability 43

Sustainability Data Risk Strategy 43

Supply Chain Trend

DECEMBER 22, 2023

A Gartner report suggests that by 2026, over 65% of short-term decisions within supply chain planning will be automated or autonomous. I see more strategic decisions (close a plant or DC, enter a new product category, change in strategic sources) more in this category as well (which is different than what I show in figure 4).

Supply Chain Efficiency 78

Supply Chain Efficiency Supply Chain Optimization Quality supply chain budgeting 78