Cybersecurity is a growing concern for the supply chain. A security breach can have severe impacts, including stalled orders, disruptions, negative impacts on the brand, and financial losses. Short-term costs can include the expenses of investigating, mitigating the breach, and any costs associated with downtime. Long-term impacts can be even more significant, including reputational damage and lost business, along with the costly implementation of additional security measures to prevent future breaches. In order to mitigate the risk of a security breach, businesses within the supply chain industry must remain vigilant and implement robust security measures that include employee training, audits, and the latest security technologies. At this year's OpTech 2023, hear from leading Cybersecurity experts on current threats and how businesses like yours can reduce vulnerability.

Emerging technologies like RFID, Voice Technology, Robotics, and Artificial Intelligence are rapidly transforming the supply chain industry. RFID technology is increasingly being used to track goods, providing real-time visibility into inventory levels and reducing the risk of errors. Voice technology is also gaining traction, allowing workers to use voice commands to streamline warehouse operations, increase accuracy, and reduce training time. Robotics are being used for tasks such as palletizing and depalletizing, goods-to-person picking, and order fulfillment. Meanwhile, Artificial Intelligence is being used to optimize routes, predict demand, and automate warehouse operations. These technologies are helping businesses to increase productivity, reduce costs, and improve customer satisfaction but what is right for your business? As the supply chain industry continues to evolve, it is important for businesses to stay abreast of these emerging technologies to remain competitive and we will discuss at this years OpTech 2023

A looming recession and inflation in the second half of 2023 could have significant impacts on the supply chain industry. If consumer demand drops due to the recession, businesses may be left with excess inventory and decreased sales, resulting in a potential supply glut. At the same time, inflation could drive up the cost of goods, raw materials, and transportation, leading to higher prices for consumers. This could lead to a difficult situation for supply chain businesses, who may have to navigate reduced demand, higher costs, and lower profit margins. Additionally, a recession could result in supply chain disruptions due to factory closures or reduced production capacity. Learn how businesses are turning to technology and As A Service models to weather the storm and continue to fund their growth in 2023 and beyond at Optech2023

The supply chain industry is undergoing a significant transformation, driven by the adoption of emerging technologies such as RFID, Voice Technology, Robotics, and Artificial Intelligence. These technologies are helping businesses to increase efficiency, reduce costs, and enhance customer satisfaction. The COVID-19 pandemic exposed vulnerabilities in supply chains, but now as businesses recover from the chaos, technology will play an even more critical role. In the next 18 months, we can expect to see increased adoption of these technologies as businesses seek to optimize warehouse operations. Join us at OpTech 2023 to see how you can track and leverage future-forward technologies in your operations.

Corporate sustainability and the need to lower carbon footprints have become critical concerns for businesses today, especially for those operating in the supply chain industry. With consumers increasingly demanding more environmentally friendly products and services, businesses are under pressure to adopt sustainable practices that reduce their carbon footprint. Many companies are taking a holistic approach to sustainability, looking at their entire value chain, from sourcing materials to end-of-life disposal. At this year’s Optech, industry leaders will talk about what busineses are doing to address these challenges with technology.