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20% Global E-Commerce Growth Fast Tracks Supply Chain Tech Adoption from 5 Year Plans into 2021 Action

·3 min read

OYSTER BAY, N.Y., Jan. 14, 2021 /PRNewswire/ -- From 2019 to 2020, worldwide e-commerce revenues remarkably rose more than 20% year over year, forcing vehicle, robotic, and software automation to profoundly alter the supply chain landscape in a matter of months according to ABI Research, a global tech market advisory firm. These changes are expected to continue to evolve and persist as both consumer and business digital and contactless behaviors become entrenched. Limited trials that began prior to 2020 are now attracting government exemptions, revenue-producing activity, and massive investment.

ABI Research  www.abiresearch.com (PRNewsFoto/ABI Research) (PRNewsfoto/ABI Research)
ABI Research www.abiresearch.com (PRNewsFoto/ABI Research) (PRNewsfoto/ABI Research)

"The pandemic laid bare existing gaps in digitization, integration, and tenuous contingency plans. Additionally, labor shortages have been magnified from volatile product demand, employee quarantines and seasonal peaks," explains Susan Beardslee, Principal Analyst, Freight Transportation & Logistics.

Longer-term decisions must be made for a post-pandemic strategy that will be better positioned for the next events to occur across the global supply chain. "Numerous companies are building a future of resilience and agility with greater flexibility and capacity to address the unknown. Some trends have accelerated within months for what was previously part of a 5-year plan," Beardslee says.

Technology adoption is growing rapidly across the supply chain with software and hardware to support vehicle automation, robotics, Artificial Intelligence (AI) and Machine Learning (ML), blockchain, and computer vision systems. For example, self-driving truck company TuSimple partnered with Navistar and Penske on an Autonomous Freight Network (AFN) with a 11,000 industry total SAE Level 4 autonomous commercial vehicles expected to ship by 2025 in North America. Asset visibility of vehicles, trailers and cargo are increasingly required with a diverse list of providers from Verizon to Orbcomm, CalAmp, and Mercedes-Benz Vans' CoROS with global asset tracking revenue expected to exceed US$20 billion by 2025.

"2021 will continue to see expanded investment and adoption of digital, automated and integrated solutions to provide much needed resiliency in the global supply chain through optimized visibility, flexibility and reliability," Beardslee concludes.

These findings are from ABI Research's Technology-Driven Supply Chain Transformation application analysis report. This report is part of the company's Freight Transportation & Logistics research service, which includes research, data, and ABI Insights. Based on extensive interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.

ABI Research提供开创性的研究和战略指导,帮助客户了解日新月异的技术。 自1990年以来,我们已与全球数百个领先的技术品牌,尖端公司,具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:

Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com

Cision
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SOURCE ABI Research