![]() ![]() ![]() 2 By using artificial intelligence to handle the data, retailers and suppliers will be able to turn potentially millions of data points into actionable insights on the state of shipments.īut what happens when that product hits a bottleneck at a port, warehouse or other overburdened facility? Container ships were waiting an average of two weeks to be unloaded in the beleaguered port of Los Angeles this year. 5G will eventually be capable of supporting large IoT implementations-potentially up to 1 million devices per kilometer-allowing for sensors and tracking devices that can provide near real-time data on products as they move through the supply chain. The solution will require better visibility into what’s happening at each step.ĥG promises to provide a foundation that can support better supply chain visibility and bring about near real-time supply chains. This makes it challenging to react quickly and agilely to changing conditions. They have been buffeted by environmental and regulatory issues and, most significantly, fallout from the COVID-19 pandemic. ![]() Today’s supply chains are complex global collections of manufacturers, logistics companies, wholesalers, retailers and dozens of partners. 1 Yet demand is at or near record highs, putting retailers in a squeeze to source products and get them on the shelves. Seeing a path to better supply chainsĪs they headed into the 2021 holiday season, 98% of retail executives reported experiencing supply chain issues. As one of the most promising new technologies in retail, 5G offers capabilities like lower latency and higher throughput that have the potential to improve supply chain visibility, order tracking and in-store operations. Luckily, 5G may bring relief for future shoppers and retailers alike. But in 2021, retail industry woes-from shipping delays and port congestion to product shortages-are in the news like never before. It’s hard enough getting the year’s hottest toys without supply chain issues. ![]()
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