Supply Chain Management Service Market

Logistics, transportation, inventory control, and procurement are just a few of the services offered to assist organizations in managing their supply chains. Supply chain management (SCM) service market.

The market for SCM services is anticipated to reach a value of USD **Billion in 2018 and expand at a predicted CAGR of **% from 2018 to 2031. The growing demand for e-commerce and omnichannel retail, as well as the increased emphasis on sustainable supply chain management, are the main reasons propelling the expansion of the SCM service industry. But the market also has to deal with issues like high implementation costs and a shortage of qualified workers.

Regarding prospects, the expansion of e-commerce and the use of technologies like the Internet of Things (IoT), artificial intelligence (AI), and blockchain are anticipated to fuel demand for SCM services in the years to come. Additionally, the growing focus on sustainability and social responsibility is giving SCM service providers a chance to assist businesses in establishing more sustainable supply chains.

The global supply chain could be disrupted by geopolitical unrest or natural disasters, changes in trade regulations that could have an impact on international trade flows, and the possibility of cybersecurity attacks, to name a few. SCM service providers are investing in technologies like blockchain and AI to improve supply chain visibility and lower the risk of interruptions in order to minimize these risks. The need for SCM services is anticipated to increase overall as businesses look to enhance their supply chains, efficiency, and competitiveness.

Some of the Major key Players are Accenture, Capgemini, IBM, Oracle, SAP SE, JDA Software, Infor, Kinaxis, BluJay Solutions, and Manhattan Associates.