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This IDC study discusses the forecast for the worldwide supply chain management applications market. This market is expected to see an uptick in growth through 2023 as organizations look to both better optimize their supply chain operations "today" and ensure that they are resilient to market disruptions in the "future." IDC surveys suggest that, while supply chain executives are mindful of operational efficiency in the short term, they recognize the importance of the supply chain as an enabler of new business models in the longer term. Growth in the supply chain management applications market will be driven by this short-term and long-term focus.

"The importance of the supply chain to business success in the modern digital economy means transitioning from a functional area that has traditionally been viewed as a 'cost center' to one that must be leveraged as an 'opportunity center.' The use of modern supply chain management tools is critical for companies to make this shift and acts as both an investment in competitive necessity and a differentiating edge over peers," says Simon Ellis, program VP, Global Supply Chain Strategies.



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