AI in Supply Chain Market

The AI in supply chain market is projected to grow from USD 9.15 billion in 2024 and is expected to reach USD 40.53 billion by 2030, growing at a CAGR of 28.2% from 2024 to 2030. Enhancement of supply chain efficiency through data-driven decision making is one of the major drivers for the market growth. Distribution systems are subjected to enormous amounts of data from many different sources. Therefore, big data and Al technologies are becoming inextricable components of such organizations, due to a strong reliance on data that is available from the Internet of Things (IoT). These days, companies attempt to make their consumer research more profound by making use of the technological tools, such or CRM systems, product ratings, and media controversies, and make their promotion efforts more precise.

Major players in the AI in supply chain market include SAP SE (Germany), Oracle (US), Blue Yonder Group, Inc. (US), Kinaxis Inc. (Canada), Manhattan Associates (US), IBM (US), Microsoft (US), Anaplan, Inc. (US), ServiceNow (US), and e2open, LLC (US) among others. New product launches, collaborations, and acquisitions were some of the key strategies adopted by the players in the AI in supply chain market ecosystem to enhance their product portfolios, increase their market share, and expand their presence in the AI in supply chain market.

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For instance, in June 2024, Kinaxis Inc. (Canada) launched the first Al powered supply chain orchestration platform, Maestro. It integrates artificial intelligence, machine learning, and mobile technology in order to improve a seamless management decision making, visibility and agility of supply chain operations respectively.

Similarly, in May 2023, Manhattan Associates (US) launched its next-generation Yard Management solution. This cloud-native platform introduces real-time visibility, automation, and advanced scheduling capabilities aimed to help businesses better manage their inbound and outbound logistics.

Kinaxis Inc. (Canada) is one of the leading providers of cloud-based subscription software that helps businesses accelerate and enhance their decisions in supply chain operations. The organization runs its business through four business division: SaaS, Subscription term license, professional services, and maintenance and support. Its flagship product, Rapid Response, is a supply chain planning platform that combines demand, supply, inventory, and capacity management. The company serves various industries, such as automobile, aerospace and defense, logistics, and retail. With registered offices in the US, Japan, Hong Kong, Netherlands, South Korea, UK, Romania, Mexico, Singapore, France, Ireland, Germany, India, and Canada, the company operates around the world, ensuring it can assist companies in working with their complex, dynamic supply chain challenges.

Manhattan Associates (US) designs and delivers supply chain and omnichannel solutions. It specializes in software that optimizes inventory, distribution processes, and transportation. Manhattan Active applications are cloud-based but delivered through SaaS model, whereby scalability and updates are seamless. Major application domains of the Active applications are supply chain management, optimization of product inventory, omnichannel retail, which improves efficiency in operation, cost savings, and customer service among others. The platform offers the company warehousing and transportation management as well as solutions for omnichannel commerce that provide end-to-end visibility and streamlined operations for diverse industries.

Related Reports:

AI in Supply Chain Market by Application (Demand Planning & Forecasting, Supply Chain Risk Management, Inventory Management, Warehouse & Transportation Management), Services (Professional, and Managed), Software - Global Forecast to 2030

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