Commodity Supply Chain Management Solution Market Projected to Reach US$ 8,835 Million with a CAGR of 12.7% by 2032 | FMI

A US$2,665 million market for commodity supply chain management solutions was predicted for the year 2022. A wide range of applications and a rising market value are anticipated to be the main market drivers. Total commodity supply chain management system sales are projected to reach $8,835 million by the end of 2032, representing a robust CAGR of 12.7%.

The supply chain is an essential component of any business operation, whether the product is physical or not. If the producers lack a suitable supply chain management system for their product distribution, product manufacturing becomes problematic. Specialized services are required for the distribution of tangible goods, which helps to reduce the complexity of product marketing.

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Commodities are some of the important products in tangible product segments which include metal, grocery, oil & gas, and others that need customized commodity supply chain management as these commodities are more expensive than other products. The commodity supply chain includes multiple tasks such as integration of sales and manufacturing teams, procurement management, price risk management, and bulk and non-bulk transportation management.

These all processes can be automated with the installation of a commodity supply chain management solution that reduces price risk, streamline the procurement process, and develop the coordination between the sales and manufacturing department with a transparent supply chain process. Tin addition to this commodity supply chain management solution vendors are harnessing cognitive computing to unlock hidden value from customer data which help them to take appropriate decisions based on customer requirement.

Global Commodity Supply Chain Management Solution Market: Drivers and Challenges 

Creating strategic advantage in this environment requires enhanced performance visibility and simultaneous insights from operational data. Presently, businesses opt for supply chain management solutions as a part of end-to-end ERP solutions to make their process more efficient.

Increasingly complex customer demand cycles have led to supply chains becoming key drivers of growth and costs in industries such as high-tech and consumer goods. These factors are expected to impact in growth in revenue of the global commodity supply chain management solution market.

Commodity buyers want the flexibility to choose how they buy products, receive services, and return goods and services. In this case the expectation of a customer is high for the vendors, which makes it challenging for the vendors to protect profit margins.

Global Commodity Supply Chain Management Solution Market: Regional Outlook 

Based on regions, the global commodity supply chain management solution market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa.

The technological advancement and rising interest in tracking the transportation of goods and services which are based on technology are expected to boost the adoption of commodity supply chain management solutions in the Asia Pacific creating a greater requirement.

North American and Europe commodity supply chain management solution markets are having a significant market share. Latin America and MEA are expected to witness positive growth in terms of revenue during the forecast period.

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Global Commodity Supply Chain Management Solution Market: Competition Landscape 

The market is dominated by a significant number of vendors that offer global navigation satellite systems technology solutions. The competition is tough among leading vendors based on aspects such as quality, security, and solutions. Some of the key players in the commodity supply chain management solution market include Triple Point Technology, SAP SE, Oracle Corporation, JDA Software Group, Inc., Genpact, Infor, Manhattan Associates, Inc., Epicor Software Corporation, IBM Corporation, e2open

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.

The report covers exhaust analysis on 

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain