![]() As supply chain managers look for technology solutions to help them optimise routes and mitigate risks, solutions like Critical Asset Monitoring are providing the real-time visibility they need.īecause supply chain visibility is on the corporate agenda across many industry verticals, key players in supply chain management solutions are seeing a significant increase in interest in their solutions. Businesses have experienced numerous disruptions with imbalances in supply chains and transportation as a result of the pandemic. Market Landscape for Supply Chain Visibilityįor the supply chain management industry, COVID-19 has provided a bit of a boost by driving the adoption of supply chain visibility solutions. ![]() Having a robust critical asset monitoring solution has helped supply chain managers not only build a resilient supply chain that can better survive modern challenges but also gives them the actionable data needed to navigate today’s supply chain landscape. Valued at $15.85 billion in 2019, the global supply chain management market is projected to reach $37.41 billion by 2027, growing at a CAGR of 11.2%. As a result, the supply chain visibility market has grown significantly over the past year - largely due to issues brought on by the global COVID-19 pandemic. Supply chain visibility solutions have shifted from a nice-to-have to a need-to-have, especially in light of the recent events.
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