5G: The Catalyst to Digital Supply Chains

Supply chain innovation is the need of the hour given the challenges global supply chains face, in terms of lack of real-time visibility, demand-supply imbalances, and changing customer expectations. This is where the 5G technology can drive supply chain innovation by helping organizations ensure their supply chains are agile, resilient, and future-proof.

 

5G for supply chains is no more a buzzword but rather a business must-have for organizations to make their supply chains sustainable. Why is there so much hype about 5G driving supply chain innovation? Well, it is because 5G is smarter, faster, and more efficient than 4G. 5G for supply chains can be a potential game-changer for the strong differentiators it brings to the table.

 

5G for supply chains ensures ultra-low latency, exponentially faster data speeds, more reliability, massive network capacity, increased availability, more uniform user experience, etc – what’s more, it can facilitate supply chain innovation by offering speeds up to 100 gigabits per second and is set to be as much as 100 times faster than 4G. It is not surprising why technology has grabbed eyeballs among businesses and technology influencers.

 

The importance of supply chain innovation can be gauged from the fact that 5G subscriptions are expected to touch 190 million by 2020-end and are predicted to reach 2.8 billion by 2025 according to a survey conducted by Ericsson.

 

The 5G technology is poised to drive supply chain innovation to the next level by adopting new-age technologies such as the Internet of Things (IoT), robotics, and drones across the supply chain. IoT technologies can accelerate supply chain innovation by identifying chips, sensors, communication devices, cloud computing networks, and data analytics engines all working in unison to ensure better decision-making.

 

5G for supply chains help businesses drive better visibility across their supply chains, aiding organizations to streamline their operations and rev up production. 5G for supply chain can drive substantial cost-savings and ensure peace of mind for various supply chain stakeholders. 5G for supply chain can enable logistics companies to label, track, and record all shipments automatically and effectively resolve issues such as lost cargo, misplaced items, etc.

 

The massive potential of 5G is known to all of us and it is only a matter of time before the power of 5G will fuel supply chain innovation and pave the way for organizations to put in place future-ready supply chains.