{"id":5848,"date":"2024-06-17T19:20:14","date_gmt":"2024-06-17T19:20:14","guid":{"rendered":"https:\/\/www.horsesforsources.com\/?p=5848"},"modified":"2024-09-11T11:49:43","modified_gmt":"2024-09-11T11:49:43","slug":"horizon_supply_chain_services_061724","status":"publish","type":"post","link":"https:\/\/www.horsesforsources.com\/horizon_supply_chain_services_061724\/","title":{"rendered":"Businesses are in an arms race to create low-touch collaborative supply chains"},"content":{"rendered":"<p><span data-contrast=\"auto\">In response to disruptive global events such as geopolitical tensions and continuously changing shipping guidelines, enterprises are increasingly prioritizing making their supply chains resilient and agile. There is a significant emphasis on digitalization, integrating AI, IoT, and analytics technologies to improve network transparency, efficiency, and security. Sustainability has also become crucial, as businesses aim to minimize environmental impact and uphold ethical practices in their supply chains. These changes not only address regulatory pressures but also align with consumer expectations for responsible business practices. Overall, these shifts are transforming supply chains into more dynamic, interconnected, and accountable systems capable of meeting the complex demands of the modern global market.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">There&#8217;s a growing trend toward creating collaborative ecosystems that include suppliers, partners, and even competitors. This approach leverages shared technology platforms and data insights to collectively drive efficiencies and innovate supply chain solutions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In the <\/span><a href=\"https:\/\/www.hfsresearch.com\/research\/hfs-horizons-supply-chain-services-2024\/\"><span data-contrast=\"none\">HFS Horizons: Supply Chain Services 2024<\/span><\/a><span data-contrast=\"auto\"> study, 18 supply chain services providers are analyzed and profiled. Seven of these providers are identified as leaders in Horizon 3, focusing on ecosystem collaboration. Seven are identified as innovators in Horizon 2, excelling in cross-functional alignment, and four are identified as disruptors, primarily working on function-level transformation.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3 style=\"text-align: left;\"><span style=\"color: #800080;\">Exhibit 1: 68% of upcoming supply chain investments in the next 2 years will be in Horizon 3 <\/span><span data-contrast=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5849\" src=\"https:\/\/www.horsesforsources.com\/wp-content\/uploads\/2024\/06\/Supply-Chain-1024x1024.jpg\" alt=\"\" width=\"750\" height=\"750\" srcset=\"https:\/\/www.horsesforsources.com\/wp-content\/uploads\/2024\/06\/Supply-Chain-1024x1024.jpg 1024w, https:\/\/www.horsesforsources.com\/wp-content\/uploads\/2024\/06\/Supply-Chain-300x300.jpg 300w, https:\/\/www.horsesforsources.com\/wp-content\/uploads\/2024\/06\/Supply-Chain-150x150.jpg 150w, https:\/\/www.horsesforsources.com\/wp-content\/uploads\/2024\/06\/Supply-Chain-768x768.jpg 768w, https:\/\/www.horsesforsources.com\/wp-content\/uploads\/2024\/06\/Supply-Chain-1536x1536.jpg 1536w, https:\/\/www.horsesforsources.com\/wp-content\/uploads\/2024\/06\/Supply-Chain.jpg 2000w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/span><\/h3>\n<h3><span style=\"color: #693299;\"><strong><span class=\"EOP SCXW127113059 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\"><span class=\"TextRun SCXW181192685 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW181192685 BCX0\" data-ccp-parastyle=\"heading 1\"><span class=\"EOP SCXW37552969 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">New service offerings coming into the fray\u00a0<\/span><\/span><\/span><\/span><\/strong><\/span><\/h3>\n<ul>\n<li><b><span data-contrast=\"auto\">Generative AI integration:<\/span><\/b><span data-contrast=\"auto\"> There&#8217;s a significant push toward integrating GenAI across various facets of supply chain management, from planning and logistics to customer interaction and compliance. This technology is expected to enhance automation, improve decision-making, and create more dynamic and responsive supply chain systems.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><b><span data-contrast=\"auto\">Sustainability services:<\/span><\/b><span data-contrast=\"auto\"> Providers are increasingly offering services to achieve sustainability goals, such as carbon footprint reduction, lifecycle assessments, and sustainable sourcing strategies. These services are crucial for companies aiming to meet regulatory requirements and consumer demands.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><b><span data-contrast=\"auto\">Digital twins and advanced analytics:<\/span><\/b><span data-contrast=\"auto\"> The use of digital twin technologies and advanced analytics is being expanded to offer more detailed insights into operations, enabling predictive maintenance, and optimizing supply chain resilience.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h3><span style=\"color: #693299;\"><strong><span class=\"EOP SCXW127113059 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\"><span class=\"TextRun SCXW181192685 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW181192685 BCX0\" data-ccp-parastyle=\"heading 1\"><span class=\"EOP SCXW37552969 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\"><span class=\"TextRun SCXW103013543 BCX0\" lang=\"EN-IN\" xml:lang=\"EN-IN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW103013543 BCX0\">New buying patterns are surfacing<\/span><\/span><span class=\"EOP SCXW103013543 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/span><\/span><\/span><\/span><\/strong><\/span><\/h3>\n<ul>\n<li><b><span data-contrast=\"auto\">Shift toward subscription and as-a-service models:<\/span><\/b><span data-contrast=\"auto\"> There&#8217;s a noticeable trend toward subscription-based and as-a-service purchasing models. These models provide flexibility, reduce upfront costs, and align with the increasing preference for OpEx vs. CapEx expenditures in corporate budgeting.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><b><span data-contrast=\"auto\">Increased demand for customized solutions:<\/span><\/b><span data-contrast=\"auto\"> Enterprises are looking for solutions they can tailor to their specific needs, reflecting a move away from one-size-fits-all offerings. This customization is particularly prevalent in areas such as AI implementations and data analytics services.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h3><span style=\"color: #693299;\"><strong><span class=\"EOP SCXW127113059 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\"><span class=\"TextRun SCXW181192685 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW181192685 BCX0\" data-ccp-parastyle=\"heading 1\"><span class=\"EOP SCXW37552969 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\"><span class=\"EOP SCXW103013543 BCX0\" data-ccp-props=\"{}\">New scope of work on the table\u00a0<\/span><\/span><\/span><\/span><\/span><\/strong><\/span><\/h3>\n<ul>\n<li><b><span data-contrast=\"auto\">Global expansion:<\/span><\/b><span data-contrast=\"auto\"> Organizations are increasingly designing supply chain solutions to support global operations, with a focus on integrating cross-border supply chains and managing international compliance and logistics challenges.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><b><span data-contrast=\"auto\">Focus on resilience and agility:<\/span><\/b><span data-contrast=\"auto\"> Services are being developed to enhance the resilience and agility of supply chains, enabling enterprises to respond more swiftly to market changes and disruptions. This includes tools for better risk management and dynamic rerouting of logistics in response to external shocks.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h3><span style=\"color: #693299;\"><strong><span class=\"EOP SCXW127113059 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\"><span class=\"TextRun SCXW181192685 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW181192685 BCX0\" data-ccp-parastyle=\"heading 1\"><span class=\"EOP SCXW37552969 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\"><span class=\"EOP SCXW103013543 BCX0\" data-ccp-props=\"{}\">New operating models being adopted\u00a0<\/span><\/span><\/span><\/span><\/span><\/strong><\/span><\/h3>\n<ul>\n<li><b><span data-contrast=\"auto\">Collaboration across sectors:<\/span><\/b><span data-contrast=\"auto\"> There&#8217;s an increasing emphasis on collaboration across different sectors and industries to optimize supply chain operations. This involves partnerships with tech companies, logistics firms, and even competitors to pool resources and capabilities.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><b><span data-contrast=\"auto\">Leveraging big data and IoT:<\/span><\/b><span data-contrast=\"auto\"> The scale of supply chain operations is expanding with the integration of IoT and big data. These technologies enable teams to handle vast amounts of data across extensive networks, improving real-time decision-making and operational efficiency.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h3><span style=\"color: #693299;\"><strong>The Bottom Line: <span class=\"EOP SCXW149757259 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\"><span class=\"NormalTextRun SCXW185384447 BCX0\" data-ccp-parastyle=\"heading 1\"><span class=\"EOP SCXW145871510 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:240,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">The shift toward deeper digital integration and an evolved operating model is transforming human-dependent supply chains into low-touch collaborative supply networks.\u00a0<\/span><\/span><\/span><\/strong><\/span><\/h3>\n<h3 style=\"text-align: center;\"><span style=\"color: #0000ff;\">HFS subscribers can download the report <a href=\"https:\/\/www.hfsresearch.com\/research\/hfs-horizons-supply-chain-services-2024\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff6600;\">here<\/span><\/a>.<\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>In response to disruptive global events such as geopolitical tensions and continuously changing shipping guidelines, enterprises are increasingly prioritizing making&#8230;<\/p>\n","protected":false},"author":12,"featured_media":5849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[867,1092,975,870,954,871,869],"tags":[968,979,1052,1053,452,619,739,743],"organization":[],"ppma_author":[1040,38,892,19],"class_list":["post-5848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-genai","category-hfs-horizons","category-internet-of-things","category-supply-chain","category-supply-chain-management","category-sustainability","tag-ai","tag-data","tag-generative-ai","tag-generativeai","tag-iot","tag-phil-fersht","tag-supply-chain","tag-sustainability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Businesses are in an arms race to create low-touch collaborative supply chains - Horses for Sources | No 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