PUNE, India, February 20, 2023 (GLOBE NEWSWIRE) — The supply chain management market The size was estimated at US$19.23 billion in 2021 and is projected to grow from US$21.26 billion in 2022 to US$47.29 billion in 2029 at a CAGR of 12.1% over the forecast period. This information is provided by Fortune Business Insights in its report titled Supply Chain Management Market Forecast 2023-2029.
Key Industry Development:
Mount Franklin Foods, a manufacturer of food service products, has selected Infor’s CloudSuite Food & Beverage solution, according to cloud computing company Infor. This solution helps the company increase operational effectiveness, drive customer satisfaction and manage a more transparent supply chain.
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Report scope and segmentation
| report coverage | details |
| forecast period | 2022 to 2029 |
| Forecast period 2022 to 2029 CAGR | 12.1% |
| Value prognosis 2029 | $47.29 billion |
| base year | 2021 |
| Supply chain management market size in 2021 | $19.23 billion |
| Historical data for | 2018 to 2020 |
| number of pages | 150 |
| segments covered | Module, Deployment, Enterprise, Industry |
| Growth Drivers of Supply Chain Management Market | Propensity for technological advancements and investments to fuel the growth of the market |
| The outsourcing of manufacturing operations and procurement processes to different geographical locations leads to SCM challenges |
The central theses
- The Supply Chain Management market is projected to prosper and reach USD 47.29 billion in 2029
- This trend has also increased competition among companies trying to win customers’ hearts by offering them better products and services at an affordable price.
- Businesses are responsible for coordinating, communicating and collaborating with cross-border parties in manufacturing, warehousing and logistics.
- Cloud adoption is being driven by SMBs and Enterprises…
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