In 2022, the size of the global market for commodity supply chain management solutions was estimated at US$ 2,665 million. The market is expected to be primarily driven by an expanding market value and a broad range of applications. By the end of 2032, it is anticipated that total sales of commodity supply chain management systems would have reached around US$ 8,835 Million at a strong CAGR of 12.7%.
Supply chain is a vital part of business enterprises of any product be it tangible or intangible products. Manufacturing of products becomes complex if the manufacturers do not have appropriate supply chain management system for their product distribution. Distribution of tangible products needs specialized services which help to mitigate the complexity in product selling.
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Commodities are some of the important products in tangible product segments which include metal, grocery, oil & gas and others which needs a customized commodity supply chain management as these commodities are more expensive than other products. Commodity supply chain includes multiple tasks such as integration of sales and manufacturing team, procurement management, price risk management, bulk and non-bulk transportation management.
These all processes can be automated with installation of commodity supply chain management solution which reduces price risk, streamline the procurement process, develop the coordination between sales and manufacturing department with transparent supply chain process. Tin addition to this commodity supply chain management solution vendors are harnessing cognitive computing to unlock hidden value from customer data which help them to take appropriate decisions based on customer requirement.
Global Commodity Supply Chain Management Solution Market: Drivers and Challenges
Creating strategic advantage in this environment requires enhanced performance visibility and simultaneous insights from operational data. Presently, businesses opt for supply chain management solutions as a part of end-to-end ERP solutions in order to make their process more efficient.
Increasingly complex customer demand cycles have led to supply chains becoming key drivers of growth and costs in industries such as high tech and consumer goods. These factors are expected to impact in growth in revenue of global commodity supply chain management solution market.
Commodity buyers want flexibility to choose how they buy the products, receive services, and return goods and services. In this case the expectation of a customer is high for the vendors, which makes it challenging for the vendors to protect profit margins.
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Global Commodity Supply Chain Management Solution Market: Regional Outlook
On the basis of regions, global commodity supply chain management solution market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
The technological advancement and rising interest in tracking the transportation of goods and services which are based on technology are expected to boost the adoption of commodity supply chain management solutions in Asia Pacific creating a greater requirement.
North America and Europe commodity supply chain management solution market are having significant market share. Latin America, and MEA are expected to witness positive growth in terms of revenue during the forecast period.
Global Commodity Supply Chain Management Solution Market: Competition Landscape
The market is dominated by a significant number of vendors that offer global navigation satellite systems technology solutions. The competition is tough among leading vendors on the basis of aspects such as quality, security and solutions. Some of the key players for commodity supply chain management solution market include Triple Point Technology, SAP SE, Oracle Corporation, JDA Software Group, Inc., Genpact, infor, Manhattan Associates, Inc., Epicor Software Corporation, IBM Corporation, and e2open
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Key Segments Of Commodity Supply Chain Management Solution Industry Survey
Commodity Supply Chain Management Solution by Component:
- Commodity Supply Chain Management Software
- Commodity Supply Chain Management Services
Commodity Supply Chain Management Solution by Enterprise Size:
- Commodity Supply Chain Management Solutions for SMEs
- Commodity Supply Chain Management Solutions for Large Enterprises
Commodity Supply Chain Management Solution by End User Industry:
- Commodity Supply Chain Management Solutions for Oil & Gas
- Commodity Supply Chain Management Solutions for Mining
- Commodity Supply Chain Management Solutions for Food and Beverage
- Commodity Supply Chain Management Solutions for Transportation and Logistics
- Commodity Supply Chain Management Solutions for Other Industries
Commodity Supply Chain Management Solution by Region:
- Commodity SCM Solutions in North America
- Commodity SCM Solutions in Latin America
- Commodity SCM Solutions in Europe
- Commodity SCM Solutions in Asia Pacific
- Commodity SCM Solutions in Middle East and Africa
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