In recent years, the problem of supply chain disruption has been discussed not only among supply chain managers but also among those who have never even thought about this matter before. At the same time, customer expectations around delivery speed have grown unprecedentedly high.
Startups and businesses today are actively enriching the medical device industry offering new solutions. Particular attention is given to software as a medical device (SaMD*) as it shows notable potential for patients and clinicians, exceeding the capacity of traditional medical devices.
Supply chain management has always been sensitive to any innovation. Whatever trend is announced (e.g. drones, artificial intelligence, augmented reality, 3D printers), it is immediately implemented. So it is no surprise that the Internet of Things (IoT) technology has been adopted in supply chain management and, of course, inventory management as its key component.
According to the research, a one-second delay in page load time leads to eleven percent fewer page views, a sixteen percent customer satisfaction decrease, and a seven percent loss in conversions. In dollar terms, this means that if a website typically earns $100,000 a day, you could lose $2.5 million in sales a year.
FinTech is one of the fastest-growing markets which is expected to grow by twenty percent and reach around $305 billion by 2025.