Financial Data And Research Provider PitchBook, Inc. Released Its Quarter 4 Emerging Tech Research Report On Supply Chain Tech On March 24.

Changes in the supply chain were largely spurred by growth in the ecommerce sector. In 2019, ecommerce sales in retail alone amounted to over $3 trillion[1], and are expected to double by 2022. At $12.2 trillion, the Business-to-Business (B2B) ecommerce market valuation[2] was six times that of the Business-to-Consumer (B2C) market in 2019, with the Asia-Pacific region staking a claim on 80% of the market share.

The report stated that the growth in both B2B and B2C ecommerce was the result of a spike in the middle-income population–who made up nearly half the world’s population in 2018[3]–as well as the growth of the digital economy as an enabler.

PitchBook had previously found that the surge in ecommerce accelerated global business demands for quicker shipping, visibility on delivery and supply channels, as well as on-demand fulfillment of orders, making way for innovative technology companies to develop solutions for these gaps.

“Today’s global supply chain is a highly fragmented industry that includes a sprawling ecosystem of disparate providers, each at different stages of technological maturity,” the report noted.

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