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The cognitive supply chain industry is projected to grow from USD 8.8 billion in 2023 to nearly USD 25 billion by 2030, reflecting a compound annual growth rate (CAGR) of 16.2%. This growth is driven by the increasing adoption of cognitive supply chain management (SCM) solutions, which enhance efficiency and sustainability in global supply chains. These solutions leverage advanced technologies to optimize distribution channels and reduce operational losses.
The integration of artificial intelligence (AI) and machine learning (ML) into supply chain operations is transforming decision-making processes. Companies are utilizing AI for demand forecasting and inventory optimization, which streamlines logistics and minimizes waste. As large enterprises lead the market, small and medium-sized enterprises (SMEs) are also expected to adopt these technologies, further driving market growth.
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