The tremendous growth in retail and e-commerce over the past few years, along with technological advances, has widened the purview of supply chain management (SCM).Especially in Canada, the supply chain is witnessing leading-edge technologies like artificial intelligence, big data analytics, and the internet of things transforming the sector by analyzing, predicting, and monitoring the flow of goods and services while ensuring transparency and efficiency. In light of these trends, the global SCM market size is expected to grow from $28.9 billion in 2022 to $45.2 billion by 2027, at a compound annual growth rate of 9.4 percent during the forecast period.
Contributing to the market growth is the combined clout ofAI and advanced analytics (AA), enabling high efficiency and accuracy in inventory management. Reducing the impact of a global labor shortage, AI and AA-driven technology are molding a promising future for SCM.Supporting this growth are the intelligent edge ecosystems, where supply chain decisions are being made increasingly. Edge ecosystems are delivering the infrastructure for automated network tools, devices, and applications to work in tandem with each other—be it drones, robots, or connected vehicles. Advances in data communications services, such as Wi- Fi, Bluetooth, and 5G,are further aiding edge ecosystems and complementing centralized supply chain solutions.
To put the spotlight on such key developments in the supply chain management sector in Canada, Logistics and Transportation Review illustrates how companies are leveraging the latest developments in SCM to augment industrial applications. The edition also features thought leadership articles from Scott Lane, Senior Vice President and General Manager, CCLS, Miguel Cordeiro, Director of Information Technology System at Rangel Logistics Solutions, and Ken Trickey, Director of Fleet Management and Harshad Haroon, Director of User Experience at Trimac, who shed light on various trends in the SCM space, including supply chain solutions to meet customer expectations, adopting low code and robotic process automation to achieve agility in logistics, and IoT deployments to enhance efficiency in transportation.
In this edition of Logistics and Transportation Review, we also bring to you the story of some of the top Canadian supply chain solution providersand services companies that deliver the best outcomes for their clients. In the list, Advantech Supply Chain Solutions particularly stands out,for its cost-effective warehousing spaces customizedto the exact requirements of clients.
Through the following pages, we aim toshine a lighton the innovative trends and latest developments in the supply chain industry in Canada. We would like to know your thoughts.