The past year witnessed the emergence of AI technologies, capturing global attention and setting the stage for innovation. While AI adoption for businesses is in its early stages, questions persist on how to effectively harness this transformative technology. AI is expected to accelerate development in robotics and automation, revolutionizing manufacturing with increased efficiency and productivity.

In 2024, developments in robotics software will promote sharing and reusability, allowing the leveraging of existing software assets across multiple applications. The fusion of IT and operational technology (OT) is crucial for the future of manufacturing, with data playing a central role in enhancing innovation and efficiency. Cloud-based software services connecting humans and machines are anticipated to simplify complex processes and enable smarter decision-making.

Logistics, facing labor shortages and increasing pressure due to globalization and e-commerce, will be a focal point for robotics, transforming businesses throughout the value chain. The smart use of data and robotics is expected to revolutionize logistics from incoming packages to outbound operations.

Looking at the supply chain, the transport and logistics sector anticipates growth, but ongoing geopolitical issues and slower-than-expected global demand recovery pose challenges. Supply chain resilience is a top priority, leading to increased buffer stocks and a trend toward providing end-to-end supply chain services. Technology investments will continue to enhance supply chain visibility, focusing on track-and-trace systems for agile decision-making. With the rise of e-commerce, innovative solutions such as drones and e-vehicles are expected to gain popularity for managing final-mile deliveries. Procurement leaders are advised to create strategic relationships, join alliances, and diversify suppliers to remain agile and navigate potential disruptions.

Inspired by: https://supplychaindigital.com/digital-supply-chain/supply-chain-logistics-procurement-tech-2024-predictions