FuturMaster on 2019 supply chain trends: Machine learning, IoT and data sharing
By Flora Southey
- Last updated on
Food companies are increasingly aware that processing big data, and sharing selected sets with competitors, can help boost their bottom line, says FurturMaster sales manager, Martin Sewell.
Supply chains are evolving to incorporate advanced, next-generation technologies, according to FutureMaster. Looking to 2019, the provider of supply chain planning software predicts greater uptake of artificial intelligence (AI), machine learning, cloud IT solutions, and wireless tracking systems.
For Sewell, who manages the firm’s sales in the UK and northern Europe, increased awareness of big data – and its potential to help retailers cut costs and improve efficiencies – is driving change.
With better tools for data manipulation and analysis, and a greater willingness from businesses to share information in their supply chain, data-driven systems can help optimise strategy and maximize return, he said.
With less than three months until the UK withdraws from the European Union, FoodNavigator asked Sewell how these supply chain trends will affect food manufacturers in these regions, and how increased collaboration can benefit food players across the sector.