(USGovernment-News.Com, February 22, 2019 ) The manufacturing industries are witnessing rapid growth in recent times owing to huge investments coming up from Governments of various countries and especially the developing economies. An increase in industrial advancement in emerging market economies and intensifying commodities prices on the global market. This expansion in the manufacturing industry is expected to embrace technological advancements to enhance plant productivity, maintain an edge with the customers and gain competitive advantage. Steady and consistent economic growth worldwide is a major driving factor for the development and advancements in the manufacturing industry. Further, the manufacturing industry is presently found to be in the middle of a technological renaissance, which is changing the outlook, systems, and processes of the modern factory.
Various initiatives are undertaken by the players of TMS companies to cater the needs of end users in a better way through extended contractual alliance, partnership, acquisition, or product development. For instance, in 2018, C.H. Robinson collaborated with merQbiz to build better supply chain network. merQbiz is an online marketplace meant for exchange of recovered paper (RCP). This alliance is made to introduce unmatched freight capacity, real-time pricing and supply chain network to the online platform. Similarly, related with acquisition, an initiative was undertaken in 2017 by BluJay Solutions Ltd. The company has acquired Blackbay Ltd., provider of mobility-enabled solutions for the transport and logistics industry. With the acquisition, BluJay expanded its mobile offerings with complete shipment tracking and proof-of-delivery capture.
Manufacturing industries tends to focus more towards their core competencies of manufacturing and outsource the rest to other stakeholders in the value chain. The need for an efficient supply chain system for the manufacturing sector seemed to be imminent as TMS players focus on several aspects of supply chain management and provide advanced and assured management of goods from the production line until the consumer and reverse, the role of TMS becomes much more critical. Despite of boost in manufacturing industries, there are some factor which creates hurdle in front of manufacturers which could affect the growth of their business. Factors such as competition in respect to availability of various products leads to create stiff competition on account of costs, quality, service, and time-to-market. Also, manufacturers have faced monumental challenges concerning maintaining a perfect balance between the demand and supply of the product in the diverse geographies.
Some of the key players operating in TMS market include Oracle Corporation, The Descartes Systems Group Inc., 3Gtms, Inc., C.H. Robinson Worldwide, Inc., JDA Software Group, Inc., Manhattan Associates, MercuryGate International Inc., BluJay Solutions Ltd., and SAP SE among others.
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