Supply chain is a vital part of any e-commerce business as it covers procurement, transit, and delivery of right goods and returned goods in the earliest time possible. As per research, almost 60% of buyers expect their product to reach on the same day on ordering and more than 80% of buyers expect their product to be shipped on the same day as ordered. With improving technology, and new and upcoming ventures, there have been many experiments and trials to improve supply chain methodology. Some worked out, while others failed, but the experiments never stopped and today there are few notable trends which we can see in the market. Let’s take a dive into few supplies chain trends in e-commerce.
The activities taken to ensure that end-to-end cycle, i.e., from procurement to transit to delivery is controlled through extensive planning, co-ordination, and communication as per the set process decided between the partners and the firm. The primary goal for any SCM in the firm is to ensure that the chain is maintained without any breakage and to keep the time gap at its lowest possible, between ordering and delivery.
As the e-commerce industry grows, the need for better logistical services increases. This gives window for many start-ups in logistics and SCM companies to stand-out and capture the market. With the increasing demand, the challenges also pile-up for logistics, be it in-house or third party. But with advancements in technology, and newly generated and curated ideas, we can see how the future of logistics and SCM weld through the current trends. Let’s have a look into few.
As the growing demand of better supply chain management increases, the market for innovative technologies to solve the upcoming challenges rises. One thing is for sure-new, and emerging technology would pay a crucial role, and human interference would gradually decrease.
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