{Super SCM Makers} Clovia: Disrupting Supply Chain Tech

Abhay Batra, Co-Founder & CFO, Clovia stated that technology would continue to drive innovation in supply chain management, helping organizations improve efficiency, reduce costs, and provide better service to customers.

Technology was likely to evolve supply chain management in the following ways:

Flight Automation: The world was moving to robotics, autonomous vehicles, and drones to improve accuracy and labor cost.

Data Analytics and Business Intelligence: Data analytics was going to play a vital role in supply chain planning and execution. It would help companies to find out the gray area and open the possibilities of optimization.

IoT and Sensors: IoT devices and sensors were already being used to track goods and shipments in real time. In the future, these technologies would become even more pervasive, allowing for greater visibility and control over the entire supply chain.

Blockchain: Blockchain technology would be used to improve supply chain transparency and reduce fraud. In the future, it could be used to create more secure, decentralized supply chain networks, reducing the risk of supply chain disruptions.

“Currently, our main focus is to widen the supply chain reach by covering maximum pin codes/areas within the country, improve the accuracy and traceability of orders and inventory in the system, reduce the order fulfillment time, and bring automation at critical points to reduce costs, people dependencies and improve customer experience,” he asserted.