Australia Supply Chain Management Market

Australia Supply Chain Management Market Overview:

The Australia supply chain management market size reached USD 770.9 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 1,932.00 Million by 2032, exhibiting a growth rate (CAGR) of 11.20% during 2024-2032. The market is witnessing significant growth, driven by heightened emphasis on supply chain robustness, sustainability initiatives, and increased digital transformation. Moreover, businesses are rapidly adopting green practices and cutting-edge technologies to upgrade logistics, enhance efficiency, and improve supply chain networks, which, in turn, is favoring the market expansion.

Australia Supply Chain Management Market Trends:

Surge in Automation and Digital Transformation

Australia supply chain management market is experiencing a substantial inclination towards automation and digital transformation. Automation in warehousing, including deployment of robotics for packing and picking, is significantly minimizing errors and labor. Moreover, companies are rapidly adopting cutting-edge technologies, such as the Internet of Things (IoT), blockchain, and artificial intelligence (AI) to improve visibility, upgrade operations, and enhance forecast precision. For instance, in August 2024, the Australian Government unveiled 2024 Defense Digital Strategy, which encompasses deployment of AI to strengthen supply chain resilience of Australian Public Service (APS) and Australian Defense Force (ADF). The incorporation of such technologies facilitates real-time goods tracking, optimization of logistics, and forecasted management of equipment, thereby lowering both inefficiencies and costs of operations. Resultantly, businesses in Australia are adapt to customer demands, market variations, and disruptions more quickly. Furthermore, this trend is critical for sustaining competitiveness in global market dynamics, where precision and speed in supply chain operations are becoming crucial to success.

Increasing Shift Towards Green Supply Chains and Sustainability

Sustainability is increasingly becoming a prime objective in the Australia supply chain management market, primarily driven by heightened regulatory strains and environmental awareness. According to the Australian Government Department of Health and Aged Care, it is evaluated that global supply chains account for approximately 75% of the carbon footprint of the health sector in Australia. In response, major companies are rapidly adopting eco-friendly methods, including leveraging renewable energy sources, minimizing waste in production methods and logistics, and lowering carbon emissions to meet environmental goals and regulatory expectations. In addition, businesses are intensely emphasizing on upgrading transportation routes and utilizing sustainable raw materials to decrease their carbon footprint. Moreover, this inclination is not only advantageous for the environment but also improves the company’s credibility and reputation, positioning sustainability as a key differentiator in the competitive market.

Magnifying Emphasis on Supply Chain Resilience

The recent global interruptions, such as the COVID-19 pandemic, have highlighted the urgent requirement for more robust supply chains in Australia. According to a research article published in June 2023, more than 60% businesses in Australia were impacted by the pandemic, with the manufacturing industries experiencing the most significant impact. Moreover, COVID-19 impact on supply chains of Australia was intensely severe due to constrained interstate commute and border closures. Most of the businesses are increasingly prioritizing tactics that lower risks and facilitate continuity during global disruptions. Such strategies include heavy investments in local sourcing, deployment of resilient framework for risk management, and diversification of supplier network. Moreover, by fortifying the supply chain robustness, companies are better prepared to address the customer demand, sustain product stock, and navigate the influence of disruptions. In addition, this trend highlights a protracted inclination toward developing more adaptable and agile supply chains following an unpredictable global market dynamic.   

Australia Supply Chain Management Market News:

• In February 2024, Palantir Technologies Inc., a prominent provider of AI solutions, and Coles Supermarket Australia Pty Ltd. announced a strategic partnership which will aid the retail chain company in enhancing its supply chain functions by adopting advanced AI tools.
• In March 2024, Fujitsu partnered with the Indigenous Defense and Infrastructure Consortium, an Australian organization focused on supporting indigenous businesses, and SAP, a technology services company, to improve its supply chain management as well as sustainability in Australia. This partnership has facilitated Fujitsu in streamlining as well as automating its procurement activities, minimizing time of vendor processing by 65%.

Australia Supply Chain Management Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component, deployment mode, enterprise size, and industry vertical.

Component Insights:

• Solution
  • Transportation Management System
  • Planning and Analytics
  • Warehouse and Inventory Management System
  • Procurement and Sourcing
  • Manufacturing Execution System
• Services
  • Professional Services
  • Managed Services
     

The report has provided a detailed breakup and analysis of the market based on the component. This includes solution (transportation management system, planning and analytics, warehouse and inventory management system, procurement and sourcing, manufacturing execution system), and services (professional services, managed services).

Deployment Mode Insights:

• On-premises
• On-demand
   

A detailed breakup and analysis of the market based on the deployment mode have also been provided in the report. This includes on-premises, and on-demand.

Enterprise Size Insights:

• Small and Medium Enterprises (SMEs)
• Large Enterprises
   

The report has provided a detailed breakup and analysis of the market based on the enterprise size. This includes small and medium enterprises (SMEs), and large enterprises.

Industry Vertical Insights:

• Retail and Consumer Goods
• Healthcare and Pharmaceuticals
• Manufacturing
• Food and Beverages
• Transportation and Logistics
• Automotive
• Others
   

A detailed breakup and analysis of the market based on the industry vertical have also been provided in the report. This includes retail and consumer goods, healthcare and pharmaceuticals, manufacturing, food and beverages, transportation and logistics, automotive and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Supply Chain Management Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia supply chain management market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Australia supply chain management market?
• What is the breakup of the Australia supply chain management market on the basis of component?
• What is the breakup of the Australia supply chain management market on the basis of deployment mode?
• What is the breakup of the Australia supply chain management market on the basis of enterprise size?
• What is the breakup of the Australia supply chain management market on the basis of industry vertical?
• What are the various stages in the value chain of the Australia supply chain management market? 
• What are the key driving factors and challenges in the Australia supply chain management?
• What is the structure of the Australia supply chain management market and who are the key players?
• What is the degree of competition in the Australia supply chain management market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia supply chain management market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia supply chain management market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia supply chain management industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.