Global Supply Chain Strategy and Operations Consulting Market Growth Insights By Types (Supply Chain Planning, Supply Chain Strategy, Manufacturing Strategy & Operations, Product Strategy & Operations, R&D Operations, Sourcing & Procurement), By Applications Covered (Automotive, Electronic Products, Consumer Goods, Industrial Goods, Oil & Gas, Mining & Metals, Energy, Others) & Region - Forecast to 2031

Supply Chain Strategy and Operations Consulting Market was Estimated at USD 19800.0 Million, and its anticipated to Reach USD 32664.55 Million in 2031, with a CAGR of 18.16% During the Forecast Years.

Supply Chain Strategy and Operations Consulting Market OVERVIEW

The global Supply Chain Strategy and Operations Consulting market has exhibited significant growth, valued at USD 19,800 million in 2021 and projected to reach USD 53,900 million by 2027 with a robust CAGR of 18.16% during the forecast period. In 2022, the market size stood at USD 24.510 million and is anticipated to surge to USD 207.73 million by 2030, demonstrating a compound annual growth rate (CAGR) of 17.9%. This market encompasses a range of services from supply chain planning, strategy, manufacturing strategy & operations, to R&D operations, sourcing & procurement, catering to various sectors like automotive, electronics, consumer goods, and more.

Supply chain strategy and operations consulting is a critical subset of corporate strategy consulting, focusing on analyzing risks and opportunities for clients, facilitating the development of comprehensive strategic roadmaps. It addresses cross-functional issues including innovation, digital transformation, regulatory compliance, sustainability, and more, significantly contributing to the market's growth.

COVID-19 IMPACT

The COVID-19 pandemic profoundly affected the Supply Chain Strategy and Operations Consulting market. It led to the implementation of stringent lockdowns across nations, causing disruptions in imports and unstable operations. Despite these challenges, there was an increased demand for supply chain consulting services during the pandemic, as organizations sought to navigate the new complexities and improve efficiency. The pandemic underscored the critical need for strategic supply chain planning and operations consulting, indicating a robust market growth trajectory in the post-pandemic era.

MARKET RECOVERY AFTER COVID-19

As the world recovers from the COVID-19 pandemic, the Supply Chain Strategy and Operations Consulting market is poised for substantial growth. The necessity for businesses to adapt to the new normal, including changing consumer behaviors and market dynamics, has bolstered the demand for consulting services. The market's recovery is driven by the need for enhanced supply chain resilience, strategic re-alignment, and the adoption of digital solutions to mitigate future disruptions, ensuring a steady growth trajectory post-pandemic.

LATEST TRENDS

The latest trends in the Supply Chain Strategy and Operations Consulting market focus on creating efficient systems to improve market growth. There's an emphasis on transforming raw materials into finished products efficiently and on time, involving supply managers at all levels to ensure adequate supplies throughout the supply chain. These trends underscore the importance of cost reduction, faster delivery, and responsiveness to market developments and demands, driving opportunities for market growth during the forecast period.

DRIVING FACTORS

The market is driven by several factors, including the need to reduce costs and increase production through improved collaborations and decreased costs. Effective supply chain management helps organizations streamline their operations, reduce waste, and enhance efficiency. Moreover, increased risk mitigation strategies, ensuring on-time delivery, and contingency planning to avoid disruptions in supply chains are critical drivers. These practices not only ensure product availability for consumers but also contribute to a more streamlined and risk-averse supply chain, further propelling market growth during the forecast period.

RESTRAINING FACTORS

The Supply Chain Strategy and Operations Consulting market, while growing, faces several restraining factors. The integration of various departments such as purchasing, planning, manufacturing, distribution, and IT necessitates strong leadership to mediate and resolve interdepartmental conflicts. Weak leadership can lead to delayed client deliverables and compounded complexities over time due to the addition of new features and capabilities. These challenges restrict the market's growth by causing inefficiencies and slowing down the response to market demands.

MARKET OPPORTUNITIES

The Supply Chain Strategy and Operations Consulting market is ripe with opportunities, primarily driven by the need for efficient systems that transform raw materials into finished products on time and with the right specifications. The involvement of supply managers at all levels to ensure adequate supplies along the supply chain and the focus on reducing costs by lowering inventory sizes and suppliers are key opportunities. Additionally, the emphasis on superior services, faster delivery, and quick response to market developments presents significant growth opportunities during the forecast period.

Supply Chain Strategy and Operations Consulting MARKET SEGMENTATION

The market is segmented by type and application. Types include supply chain planning, supply chain strategy, manufacturing strategy & operations, product strategy & operations, R&D operations, and sourcing & procurement, with supply chain planning being the leading segment. In terms of application, the market caters to automotive, electronic products, consumer goods, industrial goods, oil & gas, mining & metals, energy, and others, with automotive leading the application segment. This segmentation reflects the market's diverse services and the broad range of industries it serves, from automotive to energy, highlighting its extensive applicability and potential for growth.

Supply Chain Strategy and Operations Consulting MARKET REGIONAL INSIGHTS

Regionally, North America dominates the market due to its extensive manufacturing capabilities, high investments, and the availability of resources, especially in the U.S. The region's higher rate of consumption and the presence of significant manufacturing companies contribute to its large market share. The market's growth in North America is further supported by the establishment of various manufacturing companies aiming to expand their presence, indicating a robust market environment conducive to growth.

MARKET PROJECTION

The global Supply Chain Strategy and Operations Consulting market is projected to grow substantially from USD 24.510 million in 2022 to USD 207.73 million by 2030, with a CAGR of 17.9%. This growth is due to the increased demand experienced during the global COVID-19 pandemic and the continuing need for strategic supply chain solutions. By 2028, the market is expected to reach USD 65.820 million, maintaining a CAGR of 17.9%. This steady growth is indicative of the market's resilience and the ongoing demand for services that optimize, innovate, and transform supply chain strategies across various industries.

Companies Update

The Supply Chain Strategy and Operations Consulting market features several key players with diverse geographical presences and substantial revenues. Here are some of the leading companies:

• Accenture Consulting (Ireland) - A global management consulting and professional services firm that provides strategy, consulting, digital, technology, and operations services.

• IBM Global Services (U.S.) - Provides professional services including management and strategy consulting, systems integration, and application management services.

• Bain & Company (U.S.) - A global consultancy that assists public, private, and non-profit organizations with strategy, marketing, organization, operations, IT, and M&A.

• GEP (U.S.) - Offers procurement and supply chain strategy consulting services.

• Infosys Consulting (U.S.) - Delivers business and technology consulting services.

• Tata Consultancy Services (India) - Provides IT services, consulting, and business solutions.

• Oracle Consulting (U.S.) - Specializes in Oracle cloud solutions and services.

• Capgemini Consulting (France) - Focuses on advising and supporting organizations in transforming their business.

• Boston Consulting Group (U.S.) - A global management consulting firm advising on business strategy to build sustainable competitive advantage.

• Booz Allen Hamilton (U.S.) - Provides management and technology consulting and engineering services.

• CGI Group (Canada) - Offers IT and business consulting services.

• Cognizant Technology Solutions (U.S.) - Provides IT services, including digital, technology, consulting, and operations services.

• Deloitte Consulting (U.S.) - Offers audit, consulting, tax, and advisory services.

• McKinsey & Company (U.S.) - A global management consulting firm that focuses on solving issues of concern to senior management.

• PricewaterhouseCoopers Advisory (U.K.) - Provides consulting and business advisory services.

• KPMG Advisory (U.K.) - Offers a broad range of audit, tax, and advisory services.

• Ernst & Young Advisory (U.K.) - Provides assurance, tax, transaction, and advisory services.

Recent Developments

• Geopolitical Tensions and Trade Skepticism: Nations are increasingly skeptical about cross-border trade cooperation due to geopolitical tensions, leading to a focus on domestic self-sufficiency and nearshoring strategies.

• Ramp-Up of Cyber Criminal Activities: There's a notable increase in sophisticated cyber-attacks targeting supply chains, prompting businesses to strengthen their cybersecurity strategies, especially in third-party engagements and IoT devices.

• Material Access and Cost Volatility: Organizations are facing a second wave of unplanned supply chain risks due to limited access to critical inputs and fluctuating commodity prices. There's a shift toward more resilient supply chains with increased visibility and multiple supplier engagements.

• Changing Manufacturing Footprints: Global corporations are re-evaluating their manufacturing operations due to rising costs and the need for customization. This leads to a focus on friendshoring, nearshoring, and onshore manufacturing strategies.

• Accelerated Technology Investments: There's a trend of accelerated investment in cloud-based digital transformation strategies focusing on supply chain planning, end-to-end visibility, and automation to mitigate economic pressures and enhance operational capabilities.

REPORT COVERAGE

The Supply Chain Strategy and Operations Consulting Market report covers a wide array of aspects to provide stakeholders with a comprehensive view of the market. It focuses on:

• Key Companies: Detailed analysis of major companies, including their strategic positioning, financial performance, and market impact.

• Market Trends: Insight into current market trends, including drivers, restraints, opportunities, and threats that shape the market landscape.

• Industry Developments: Coverage of recent industry developments such as mergers, acquisitions, partnerships, and innovations that influence market dynamics.

• Impact Analysis: Assessment of external factors such as COVID-19, geopolitical conflicts, and economic fluctuations on the market.

NEW PRODUCTS

The market has seen a wave of new products and innovations aimed at enhancing supply chain efficiency and adaptability. These include:

• Advanced Analytics Tools: For better demand forecasting and risk management.

• AI and ML Solutions: To predict trends and automate decision-making.

• Blockchain Technology: For improved transparency and security in transactions.

• IoT Devices: To monitor and manage logistics and operations in real-time.

REPORT SCOPE

The scope of the Supply Chain Strategy and Operations Consulting Market report is broad and informative, aiming to provide stakeholders with a deep understanding of the market. It encompasses:

• Market Size and Growth: Analysis of current market size, historical growth, and future projections.

• Segmentation: Detailed examination of market segments based on types, applications, and regions.

• Competitive Landscape: Evaluation of the market's competitive nature, key players, and their strategies.

• Regional Analysis: Insights into how different regions contribute to and are affected by market trends.

• Strategic Recommendations: Guidance based on comprehensive analysis to aid stakeholders in decision-making and strategy formulation.

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