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The global supply chain solutions industry size reached USD 20.42 billion in 2022 and is expected to witness a healthy CAGR of 15.0% during the forecast period 2023-2030. The rising adoption of the cloud for smart manufacturing operations and penetration of digital platforms have played a vital role in streamlining the supply chain. Innovators have exhibited traction for automation, AI and analytics to overcome supply chain uncertainties. The rising footprint of predictive, descriptive, and prescriptive analytics has fueled the penetration of supply chain analytics. Companies are likely to use software products (with the help of AI) and blockchain technologies to predict and forecast events.
