Supply chain partners are creating ecosystem partnerships to tackle big issues such as sustainability and climate change, according to Gartner's latest supply chain Hype Cycle.
In addition, supply chains are increasingly being connected by machine customers, a nonhuman economic actor that obtains goods and services via machines or replenishment algorithms, said Gartner.
Ecosystem partnerships and machine customers were two of three new additions to Gartner's 2022 Supply Chain Hype Cycle. Gartner noted in a press release that the additions highlight how supply chains are changing.
Indeed, sustainability has become more intertwined with supply chains since both functions can save money amid disruptions and inflation. Technologies such as Execution Management and Process Mining are being used to optimize processes and automate tasks.
According to Gartner, supply chain ecosystem partnerships are likely to plateau in 2 to 5 years. Machine customers will take more than 10 years to plateau. Here's a look at the overall Hype Cycle for Supply Chain Strategy.
Not surprisingly, Gartner's Hype Cycle for Supply Chain Strategy includes technologies based on analytics, optimization, resilience and risk management.
Gartner's latest on supply chain follows May's list of top 25 corporate supply chains, which ranked Cisco Systems No. 1. That release outlined four emerging trends that put the Chief Supply Chain Officers at the center of ecosystem coordination, agility, sustainability and automation.