More than 45 years ago, GS1 triggered the product identification digital revolution through the barcode. Today, it has the tools to support the value chain trends of tomorrow.
Twenty years into the internet revolution the disruptive impact of technology is accelerating, challenging industries to adapt, grow and thrive by leveraging new developments in digital connectivity, automation, artificial intelligence and personalisation.
Looking to capture a larger share of consumer and corporate spending, businesses are leveraging technologies to optimise their operations. They are also collecting and analysing more and more information, turning data into actionable intelligence.
Manufacturing companies are rapidly evolving to Industry 4.0 environments. They are looking for new ways to integrate information about equipment, components and subsystems for optimal throughput, cost savings, predictive maintenance and overall improvements in asset productivity.
Businesses and organisations can no longer afford to operate in silos. Instead, they need to actively collaborate with their trading partners, customers, and consumers.
Companies must work toward increased transparency and interoperability across their respective systems and processes.
GS1 globally administers its system of supply chain standards. We commissioned an industry-based report to identify business trends and the technologies to capitalise on them, for stakeholders across the supply chain. Those current and near-term top business trends are:
- Data security and privacy;
- Traceability;
- Sustainability;
- On-demand logistics and services;
- Automation and “Smart Everything”;
- Empowered consumers; and
- Mass customisation.
All of these put immense pressure on businesses to innovate and update.
