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Why are the companies Embracing Disruptive Tech?

By Enterprise Technology Review | Friday, January 10, 2020

Artificial intelligence, robotics, advanced materials, and 3D printing is playing a significant role in eliminating waste from the supply chain.

FREMONT, CA: Concern for the planet, climate, and sustainability have never been a fundamental idea for millennials, rather, one which is rooted in the mainstream. In 1990, millennials were provided with a superhero Captain Planet, who safeguarded everyone from environmental disasters. In a current report by the Brookings Institute, it was observed that millennials encouraged the values of good citizenship, and some 89 percent stated that they would purchase from companies that support solutions to social issues. The consumer goods manufacturers and retailers are remaking their supply chains for sustainability by targeting this group of above 75 million people in the U.S. alone. Other reasons are operational costs. Water, waste, and energy are high on costs to manage and companies that cut down their use, and in this scenario of waste, accumulation, can lower the costs.

IoT, AI Help Remake Supply Chains

Disruptive technologies like robotics, the Internet of Things, and artificial intelligence are helping companies revamp their integrated supply chains to be more sustainable and efficient. Tech leaders in hospitality, retail, and food services are investing in improving personalization and communication and see a time when AI will play a vital role in their business. These industries, along with others, are adopting disruptive technologies, which are expected to generate trillions in economic value in the coming years.

Targeting Robotics, Advanced Materials, and 3D Printing

Apps, mobile devices, and the cloud are most commonly adopted disruptive technologies by the tech leaders throughout the supply chain, particularly within the customer-facing food service, hospitality, and retail industries. In the same manner, the incorporation of the IoT and renewable energy was high in these industries.

Data Driving Automation

The integrated supply chain of food engulfs a network of manufacturing centers, vendors, warehouses, distribution centers’, and restaurants from where raw material moves through and is altered to meet the demands of the final consumer.

Most companies are putting a step forward towards embracing disruptive technologies in order to remain competitive and have realized the need for a strategic partner to extract maximum results out of it.