Unlocking the Invaluable Role of Big Data in Modern Supply Chain Management

Let’s take a deeper look at the scale of impact the big data revolution can have for global supply chains and vendor management.

The burgeoning big data landscape is set to transform a range of industries over the coming years, and for global supply chains in dire need of more comprehensive levels of transparency and optimization, the data revolution couldn’t come soon enough. The global big data analytics market size already swelled to a value of $307.51 billion in 2023 and is expected to grow to $924.39 billion by 2032, representing a CAGR of 13% over the forecast period.

Environmental and geopolitical factors have also caused fresh turmoil in supply chains in recent months, with conflict in the Middle East impacting routes through the Suez Canal while drought is actively slowing the passage of goods through the Panama Canal.

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