Supply chain management is expected to grow 8.5% from 2022 to 2028. E-commerce, the global economy, and the need for supply chain efficiency are driving this growth.
The 2015 Cybersecurity Act, 2011 Food Safety Modernization Act, and Dodd–Frank affect this market. DSCSA, MDR, and HIPAA may also apply.
Procurement challenges in supply chain management include lack of visibility and risk management.
To optimize contracts in the supply chain management market, include clear and measurable performance metrics and build flexibility to accommodate market changes.