Supply Chain Security Market Analysis

Based on the end-use, the supply chain security market size from the FMCG segment is anticipated  to cross USD 1 billion by 2032, considering the strong focus of departmental shops on stocking up their shelves. FMCG companies are also opting for advanced supply chain management solutions to ensure customer satisfaction through on-time delivery and entire software supply chain security. In addition, the emphasis of retail chains on brick-and-mortar store expansion will stimulate product usage to enhance security across the FMCG supply chain.
 

North American supply chain security market share will depict an 8% CAGR through 2032, led by the rising initiatives to strengthen critical supply chain security. Government officials have signed executive orders directing all-of-government approaches to assess vulnerabilities and ensure critical supply chain resilience in the U.S.
 

For instance, freight logistics projects such as the U.S. Government’s Freight Logistics Optimization Works or FLOW are being developed to establish data-sharing initiatives and support supply chain operations by bringing together transportation and logistics industry players. These factors will promote logistics operations and consequently bolster the regional market outlook.