Growing Collaborations are Contributing to the Growth of the Cognitive Supply Chain Market

Published: Jan 2024

The global cognitive supply chain market is anticipated to grow at a significant CAGR of 17.9% during the forecast period (2023-2030). With growing complexity in the supply chain and the need for cost reduction and operational efficiency, end-users and technology companies are increasingly collaborating which is driving the overall cognitive supply chain market. For instance, inJune 2023, Accenture announced an expansion of its strategic partnership with Amazon Web Services (AWS). Under this collaboration, Accenture, and AWS, operating through the Accenture AWS Business Group, will make multiple strategic investments. These investments aim to develop industry-specific and cross-industry solutions, along with pre-built models and training programs. The goal is to assist clients in quickly transitioning from experimental phases to responsibly deploying generative Artificial Intelligence (AI) technologies on a larger scale within their organizations. These strategic investments are designed to accelerate innovation, enhance efficiency, and resilience, and improve interactions with customers and employees, leading to transformative effects across various industries. With AWS's machine learning (ML) and AI technologies, these investments will extend into areas such as financial services, life sciences, customer support, supply chain, cybersecurity, and more. Additionally, in March 2023, The EY organization announced a collaboration between o9 Solutions, a provider of advanced planning and supply chain management software, and Ernst & Young LLP (EY US). This collaboration aims to deliver supply chain planning solutions utilizing AI/ML big data, and cloud computing.

Browse the full report description of “Cognitive Supply Chain Market Size, Share & Trends Analysis Report by Technology (Artificial Intelligence (AI)/Machine Learning (ML), Internet of Things (IoT), Others(Natural Language Processing (NLP), Blockchain)), by Deployment (Cloud and On-premise) and by End-User Industry (Manufacturing, Retail & E-commerce, Logistics and Transportation, Healthcare, Food and Beverage and Others (Automotive, Energy)) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/cognitive-supply-chain-market

Apart from this, with growing demand, technology companies are also focusing on product portfolio expansion focused on the supply chain management industry. For instance, in April 2023, Oracle Supply Chain Planning introduced AI-driven lead time estimates, utilizing machine learning to enhance the precision of lead time assumptions. According to the company, this feature is integrated into the Planning Advisor, which identifies lead time trends, anomalies, and their potential impact, providing prioritized actions and resolution suggestions. This enhancement aims to improve planning efficiency and results by leveraging actual performance data to highlight variances.

Market Coverage

The market number available for – 2022-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o By Technology

o By Deployment

o By End-User Industry

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- The major companies in the global cognitive supply chain market include Accenture plc, Amazon.com, Inc.,Blue Yonder Group, Inc.,and C.H. Robinson Worldwide, Inc. among others.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Cognitive Supply Chain Market Report Segment

By Technology

  • Artificial Intelligence (AI)/Machine Learning (ML)
  • Internet of Things (IoT)
  • Others (Natural Language Processing (NLP), blockchain)

By Deployment

  • Cloud
  • On-premises

By End User Industry

  • Manufacturing
  • Retail & E-commerce
  • Logistics and Transportation
  • Healthcare
  • Food and Beverage
  • Others(Automotive, Energy)

Global Cognitive Supply Chain Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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