Recent Trends in Supply Chain Management
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FX Alumni Association organized a guest lecture in association with department of Mechanical Engineering for the Fourth year Mechanical students. Er. Ramkumar., Transportation Specialist., Amazon., Chennai. delivered the guest lecture on “Recent Trends in Supply Chain Management”. A heartfelt greeting to the resource person is extended by Dr. R. Samuel Hansen, HOD-MECH. The expert resource thanked the management for offering him this opportunity.
The guest lecture on Recent trends in supply chain management emphasize digital transformation powered by technologies like AI, IoT, and blockchain. These advancements enable real-time tracking, predictive analytics, and enhanced decision-making. Digital twins, virtual models that simulate supply chains, are being used for predictive planning and optimizing operations. Automation in logistics, inventory management, and procurement is also on the rise, enhancing operational efficiency and reducing human errors. The shift towards more localized and regional supply chains helps mitigate risks from global disruptions, ensuring continuity during crises like geopolitical tensions, natural disasters, or pandemics
The speaker explained the sustainability is a growing priority, leading to the development of circular supply chains that focus on reducing waste and promoting recycling, reuse, and refurbishment of products. Companies are integrating eco-friendly practices to meet regulatory requirements and respond to consumer demand for greener products. Many businesses are now assessing the carbon footprints of their supply chains and making investments in renewable energy sources and sustainable materials.