Technology

Supply Chain Management in Manufacturing Market to Reach $52.4 Billion by 2032, Growing at a CAGR of 10.4% from 2025–Exclusive Report by Meticulous Research®

Published

1 year ago

April 8, 2025

Market Growth Driven by Digital Transformation, AI & IoT Integration, and Rising Demand for Resilient Supply Chains

REDDING, Calif., April 8, 2025 /PRNewswire/ — According to a new market research report titled “Supply Chain Management Market in Manufacturing By Component (Solutions {Software and Hardware & Automation}, Services), and End User (Automotive, Electronics and Semiconductor, Pharmaceuticals) – Global Forecast to 2032”, published by Meticulous Research®, the global supply chain management (SCM) market in manufacturing is projected to reach $52.4 billion by 2032, growing at a CAGR of 10.4% from 2025 to 2032. This growth is attributed to the rapid adoption of digital technologies like artificial intelligence (AI), machine learning (ML), IoT, blockchain, and cloud-based SCM platforms, which are revolutionizing modern manufacturing operations.

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KEY MARKET DRIVERS AND TRENDS

The supply chain management market in manufacturing is experiencing robust growth due to the increasing adoption of digital technologies such as Artificial Intelligence (AI), Internet of Things (IoT), blockchain, and cloud-based SCM software. These technologies enable real-time tracking, predictive analytics, and automation, transforming traditional supply chains into dynamic, self-optimizing systems.

The rise of globalization, Just-in-Time manufacturing, and omnichannel distribution have further amplified the need for robust SCM solutions. Additionally, disruptions caused by geopolitical tensions, pandemics, and climate change have pushed manufacturers to invest in risk mitigation strategies and sustainable supply chain practices.

GROWTH OPPORTUNITIES

The global supply chain management market in manufacturing is witnessing unprecedented transformation, opening up several lucrative growth opportunities for stakeholders. One of the most prominent opportunities lies in the integration of AI and machine learning across supply chain networks. These technologies enable manufacturers to move from reactive to predictive operations, with capabilities such as intelligent demand forecasting, anomaly detection, automated replenishment, and real-time optimization. This not only improves efficiency but also boosts resilience to disruptions such as geopolitical shifts, raw material shortages, or transportation delays.

Another major opportunity stems from the growing adoption of cloud-based SCM platforms. As companies shift away from legacy systems, scalable and flexible cloud solutions are enabling small and medium-sized enterprises (SMEs) to access advanced supply chain tools without the need for significant infrastructure investments. These platforms support collaboration across global supplier networks and offer integration with IoT devices, ERP systems, and e-commerce platforms—delivering real-time visibility, inventory accuracy, and agile decision-making.

The rising emphasis on green supply chains and sustainability is also creating new avenues for SCM solution providers. Manufacturers are increasingly seeking tools that help them monitor carbon footprints, track energy consumption, optimize transportation routes, and ensure ethical sourcing. Supply chain transparency has become essential to meet consumer expectations and regulatory compliance, particularly in sectors like food & beverage, fashion, and electronics.

Digital twin technology is another rapidly emerging opportunity. By creating virtual replicas of supply chain operations, digital twins enable scenario planning, performance simulation, and disruption modeling. This is particularly beneficial in industries with complex logistics and tight delivery schedules, such as automotive and aerospace.

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MARKET CHALLENGES

Despite the rapid advancement and widespread adoption of modern supply chain management (SCM) solutions in the manufacturing industry, several key challenges continue to hinder seamless implementation and scalability. One of the most pressing challenges is the fragmentation of supply chain data across multiple systems, partners, and geographies. Many manufacturers still operate with legacy infrastructure and siloed data, making it difficult to achieve end-to-end visibility and synchronization. This lack of data integration leads to delayed decision-making, forecasting errors, and operational inefficiencies, particularly in global manufacturing networks where speed and accuracy are critical.

High implementation costs and complexity of integration pose another significant hurdle, especially for small and mid-sized manufacturers. Deploying advanced software platforms, automation tools, and AI-driven technologies requires substantial upfront investment, skilled personnel, and infrastructure upgrades. Additionally, integrating new systems with existing enterprise resource planning (ERP), customer relationship management (CRM), and production management tools can be both time-consuming and resource-intensive.

Cybersecurity risks have also emerged as a major concern, as digital transformation opens up supply chains to increased vulnerability. With rising interconnectivity between devices, cloud systems, and external vendors, the risk of data breaches, ransomware attacks, and intellectual property theft becomes more pronounced. Manufacturers must not only invest in SCM technologies but also in robust security frameworks, real-time monitoring, and data encryption protocols to safeguard their digital assets.

SEGMENT INSIGHTS

The global supply chain management market in manufacturing is segmented by component (solutions, services, hardware & automation), end user (automotive, electronics & semiconductor, industrial machinery, pharmaceuticals, chemicals, aerospace & defense, food & beverages, oil & gas, and others), and geography. The study also evaluates industry competitors and analyzes the market at the country and regional levels.

Market by Component

By 2025, supply chain management solutions are anticipated to lead the manufacturing market landscape, accounting for nearly 70% of the total market share. This dominance is driven by several factors, including the growing need for operational resilience, risk mitigation strategies, the increasing intricacy of global manufacturing supply chains, and rising expectations for real-time data visibility and actionable analytics. Manufacturers across sectors are under pressure to balance cost reduction with the need to boost service efficiency and adhere to regional regulatory mandates. Advanced software tools such as Enterprise Resource Planning (ERP), Warehouse Management Systems (WMS), Transportation Management Systems (TMS), and demand planning platforms are seeing greater adoption. These tools are instrumental in optimizing inventories, improving supplier collaboration, and minimizing disruptions. The ongoing shift toward Industry 4.0, coupled with advancements in IoT, cloud computing, and AI-based analytics, is accelerating the transition toward digital SCM ecosystems.

Among components, the software solutions segment is expected to hold the largest market share in 2025 due to its critical role in demand planning, supplier collaboration, and risk mitigation. Meanwhile, the hardware & automation segment is poised for the fastest growth, driven by rising adoption of robotics, RFID, and warehouse automation to improve operational efficiency and reduce labor dependency.

Market by End User

In terms of application, the automotive industry is expected to retain the largest share of the supply chain management market in manufacturing by 2025. This is primarily due to the highly integrated, global, and time-sensitive nature of automotive supply chains. Automakers depend on a just-in-time production model that requires meticulous coordination among numerous tiered suppliers for sourcing thousands of components. Strict adherence to quality standards (e.g., IATF 16949), combined with the industry’s lean manufacturing philosophy, necessitates the deployment of advanced SCM technologies for supplier collaboration, logistics tracking, and demand planning. The increasing penetration of electric vehicles (EVs) and connected mobility solutions is prompting automotive manufacturers to adopt AI, IoT, and blockchain technologies to optimize logistics and ensure traceability of critical components.

On the other hand, the electronics and semiconductor sector is projected to register the highest growth rate, with a CAGR of 12.2% from 2025 to 2032. This rapid expansion is influenced by its globally fragmented production networks, short product innovation cycles, and heightened sensitivity to disruptions. The semiconductor supply crunch during 2020–2023 exposed systemic vulnerabilities, pushing firms to embrace predictive analytics, diversified supplier bases, and real-time monitoring.

Additionally, the precision required for transporting and assembling semiconductors—given their high cost and sensitivity—demands the integration of AI-powered quality control, blockchain-based authentication, and IoT-enabled environmental tracking. As emerging technologies such as 5G, AI, and edge computing become mainstream, companies in this sector are turning toward flexible, data-centric supply chain architectures to meet fast-changing market demands.

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GEOGRAPHIC MARKET INSIGHTS

Regionally, Asia-Pacific is positioned to dominate the global supply chain management market in manufacturing by 2025, both in market share and growth rate. The region is projected to expand at a CAGR of 11.4% during the forecast period of 2025–2032. This growth is underpinned by a combination of economic advantages, strategic infrastructure, and technological readiness. Countries like China, India, Japan, and South Korea have established themselves as global manufacturing powerhouses, supported by government-led industrial initiatives, a skilled labor force, and a robust supply chain ecosystem.

The region benefits from cost-efficient labor, supportive trade policies, and continued investments in smart manufacturing technologies. Furthermore, the rapid adoption of AI, IoT, and cloud-based SCM platforms is enabling manufacturers to streamline logistics, enhance visibility, and respond to disruptions in real time.

In addition to being major manufacturing hubs, these countries also represent significant consumer markets, thereby enhancing local demand and reducing the need for long-distance supply chains. As a result, Asia-Pacific offers a compelling growth environment for companies investing in modern supply chain technologies.

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COMPETITIVE LANDSCAPE

Major companies in the global supply chain management market in manufacturing have implemented various strategies to expand their product offerings, footprints, and market shares. The key strategies followed by most companies in the supply chain management market in manufacturing were product launches, mergers & acquisitions, agreements, collaborations, and partnerships. Product launches accounted for a major share of the total strategic developments from key players between 2022 and 2025, followed by partnerships, agreements, collaborations, and mergers & acquisitions.

Some of the prominent players that adopted these growth strategies are SAP SE (Germany), Oracle Corporation (U.S.), Blue Yonder Group, Inc. (formerly JDA Software) (U.S.), Manhattan Associates Inc. (U.S.), Siemens AG (Germany), Kinaxis Inc. (Canada), IBM (U.S.), Logility Supply Chain Solutions, Inc. (U.S.), Coupa Software Inc. (U.S.), Honeywell International Inc. (U.S.), Zebra Technologies Corporation (U.S.), Dematic (KION Group) (U.S.), Dassault Systèmes SE (France), and Körber AG (Germany), among others.

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About Meticulous Research

We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with market intelligence designed to drive revenue transformation and strategic growth. Our insights reveal future growth opportunities, equipping clients with a competitive edge through a versatile suite of research solutions—including syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight major sectors and 20+ geographic markets, all to deliver targeted business insights that help our clients lead in a rapidly evolving global market.

With a strong focus on problem-solving for complex business challenges, our research enables organizations to navigate change with assertion, aligning it with strategic pathways for sustainable growth. By identifying innovative and effective solutions, we empower leaders to make impactful decisions that drive operational excellence and fuel innovation. We are committed to crafting insights that enhance business performance and help our clients unlock new revenue opportunities, positioning them for long-term success in the competitive global marketplace.

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Technology

VYLIT OPENS ITS CREATOR ADVISORY BOARD, GIVING CREATORS EQUITY IN THE PLATFORM

Published

48 minutes ago

July 23, 2026

Reality star & chef Dom DeAngelis, model & creator Cydney Moreau, and creator-entrepreneur Crystal Jackson named as founding members, with applications now open for creators who want a voice in how the platform is shaped

MIAMI, July 23, 2026 /PRNewswire/ — Vylit, the 18+ creator-first social platform co-founded by Ami Gan, former CEO of OnlyFans, and seasoned entrepreneur Kailey Magder, is opening applications for its Creator Advisory Board, which will include a select group of creators that will have a strong voice in shaping the platform they use and earn on.

Vylit is inviting creators not just to join the platform, but to help build it, with real shares in the company reserved for those who contribute to its growth, culture and direction. The Creator Advisory Board will give creators a direct voice in building Vylit’s community, the platform’s development and creator tools, along with ownership in the business they’re helping grow.

Applications are now open. Creators can apply by emailing vylit@vylitworld.com with their name, bio and social handles.

Vylit is launching the board with three founding members who show the range of creators it’s built for.

Dominic DeAngelis, known from YouTube and Vanderpump Villa, where his culinary skills earned recognition from viewers around the world, has been using the platform to share behind-the-scenes and day-in-the-life content with his subscribers — the kind of direct, monetized relationship with fans that Vylit is designed around.

“Social media sucks right now. The algorithms are negative, you don’t even see the people you follow anymore, and creators are struggling to find real connections with their fans,” said DeAngelis. “I’m thrilled to be part of a platform that’s doing it differently. Vylit is actually listening to creators and building with us, not just for us.”

Cydney Moreau, a Louisiana-born former track athlete turned model and creator with a following across fitness, fashion and lifestyle, balances her work with life as a mom. Vylit is where she’s turning that following into a business for the first time, on her own terms.

“As someone who is monetizing my content for the first time, knowing that I will have a say in how the platform treats other creators means everything,” said Moreau. “It’s not every day a platform actually wants creators in the room while they’re building it. Knowing Vylit is making decisions with our interests at heart gives me the confidence to build here, and I’m excited to help shape where this goes.”

Crystal Jackson, known to millions of followers as Mrs. Poindexter, is the co-founder of EssentL, a company building business infrastructure and benefits for creators. A former engineer turned multi-platform creator and entrepreneur, she brings an operator’s understanding of what creators actually need from the platforms they build on.

“I’ve spent years building an audience and a business across platforms that weren’t built for today’s creator ecosystem,” said Jackson. “What drew me to Vylit is that they’re handing creators actual ownership and a real say in the decisions that affect us. That’s not something I’ve seen anyone else do, and I want to help build it right.”

Since launching, Vylit has positioned itself as the “HBO of social media,” a space between traditional social media and adult subscription platforms, where creators can be expressive, marketable and in control. The Creator Advisory Board takes that further. Rather than building the platform for creators and handing it over, Vylit is building it with them, giving them direct ownership and a say in its direction.

“The users driving value should have a say in the business,” said Ami Gan, Co-Founder and CEO of Vylit. “Creators understand culture and digital monetization better than anyone. At Vylit, that expertise earns them a real seat at the table.”

“We didn’t want to build another platform where creators show up after the fact,” added Kailey Magder, Co-Founder and COO of Vylit. “We want them involved from day one, shaping the product, the community and the direction of the business.”

Vylit truly puts creators in charge, giving them real ownership and a direct say in how the platform evolves. The Creator Advisory Board is just the start.

To learn more, visit https://vylitworld.com/

To access the media kit, click here.

ABOUT VYLIT
Vylit is an 18+ creator-first social platform redefining how adults share, discover and monetize content. Co-founded by Amrapali (Ami) Gan and Kailey Magder, Vylit was created to fill the gap between traditional social media and creator platforms, offering a premium digital experience for expression. Built as “the HBO of social media,” the platform allows topless content while prohibiting explicit material, giving creators greater freedom. Vylit combines social connectivity with built-in monetization, interest-based discovery through its Vybe Matching Engine, and in-house AI Image Generation and Chat tools designed for its users. Learn more at www.vylitworld.com.

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pr@vylitworld.com

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Technology

CNBC Names PayJoy one of the World’s Top FinTech Companies of 2026

Published

48 minutes ago

July 23, 2026

Recognition highlights PayJoy’s leadership in emerging market consumer finance

SAN FRANCISCO, July 23, 2026 /PRNewswire/ — CNBC and Statista have named PayJoy to the “World’s Top Fintech Companies 2026,” which honors companies providing digital funding and bank-independent lending solutions for individuals and businesses. PayJoy is a leading financial services provider for underserved consumers across emerging markets.

Now in its fourth edition, the ranking identifies 500 leading companies across eight fintech market segments worldwide, including Payments, Neobanking, Wealth Technology, Digital Assets, Enterprise Fintech, Insurtech, Regtech, and Alternative Financing. Companies were evaluated using an aggregated scoring model built on both general and segment-specific KPIs, drawing on desk research from publicly available sources alongside company self-reports submitted through an open application process.

PayJoy’s inclusion reflects its work bringing credit access to the emerging middle class in Mexico, Colombia, Brazil, Panama, Peru, Ecuador, South Africa, the Philippines, and Indonesia, nine countries where traditional financial infrastructure has long excluded first-time borrowers.

“This recognition from CNBC and Statista is a meaningful validation of the work our team does every day,” said Doug Ricket, PayJoy CEO and Co-Founder. “Millions of people across the markets we serve are building credit for the first time through PayJoy. Being named among the world’s top fintech companies reflects the scale and impact of that work.”

For more information on the full ranking, visit https://www.cnbc.com/worlds-top-fintech-companies-2026/

About PayJoy
PayJoy expands credit access across emerging markets through point-of-sale financing and card offerings. Its proprietary secured-credit technology enables first-time borrowers to responsibly build financial stability and participate fully in the modern economy. Through its cutting-edge machine learning, data science, and anti-fraud AI, PayJoy has financed over $3.5 billion of loans to more than 20 million people and employs over 1,000 people worldwide. For more information, visit https://www.payjoy.com/

Contact
payjoy@thekeypr.com

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Technology

Youngstown Innovation Hub Breaks Ground at YBI’s 107 Building

Published

48 minutes ago

July 23, 2026

YOUNGSTOWN, Ohio, July 23, 2026 /PRNewswire/ — As the United States works to strengthen its aerospace and defense manufacturing base, the Youngstown Innovation Hub for Aerospace & Defense broke ground today on YBI‘s 107 Building in downtown Youngstown, positioning the region as a national proving ground for advanced and additive manufacturing. The Hub is managed by the National Center for Defense Manufacturing and Machining (NCDMM).

Youngstown Innovation Hub for Aerospace & Defense breaks ground at YBI’s 107 Building.

The Hub is one of four Innovation Hubs established across Ohio as part of a statewide initiative to strengthen innovation-driven economic growth. Once complete, it is projected to generate approximately $161.6 million in economic impact, create 450 new jobs, and produce 185 new STEM credential opportunities and 40 internship opportunities by 2029.

The groundbreaking comes as Ohio was recently ranked the No. 1 state for business in America by CNBC’s 2026 America’s Top States for Business rankings, up from No. 5 in 2025.

Ohio Lt. Governor Jim Tressel attended and delivered remarks at the ceremony.

“Today is about more than renovating a building. It’s about building opportunity for Ohioans,” said Lt. Governor Tressel. “The Mahoning Valley has always been defined by the people who make things, solve problems, and never stop working toward a better future. This Innovation Hub builds on that proud tradition while preparing the next generation for in-demand careers in manufacturing.”

Hub and YBI leadership also spoke at the ceremony.

“Today’s groundbreaking of the Youngstown Innovation Hub represents much more than the start of a building renovation. It reflects what can happen when state, regional, industry, academic, and community partners come together around a shared vision for the future of manufacturing, aerospace and defense innovation,” said Megan Malara, Ph.D., director of the Youngstown Innovation Hub.

The renovation is made possible in part by a $750,000 state capital investment. Ohio State Sen. Al Cutrona and state Rep. Lauren McNally were credited with helping advance the funding request through the legislative process. YBI also recognized the broader Lake to River legislative delegation, including state Reps. Nick Santucci, Tex Fischer, Monica Robb Blasdel, Dave Thomas, and Sarah Fowler Arthur, for their support, as well as U.S. Sens. Jon Husted and Bernie Moreno for their support of the project in the U.S. Senate.

Speakers at the ceremony included Ohio Lt. Gov. Jim Tressel; Lydia Mihalik, director of the Ohio Department of Development; Mary Mertz, director of the Ohio Department of Natural Resources; Julius Oliver, 1st Ward Councilman for the City of Youngstown; State Sen. Al Cutrona; State Rep. Nick Santucci; State Rep. Lauren McNally; and Megan Malara, Ph.D., director of the Youngstown Innovation Hub. Barb Ewing, CEO of YBI, served as master of ceremonies.

The City of Youngstown, which committed $1.35 million in local matching funds to the project, was represented at the ceremony. John Wilczynski, executive director of America Makes, attended, and Barb Ewing recognized Kimberly Gibson and Alexander Steeb of America Makes for their roles in advancing the project.

Upon completion, the five-story, 130,000-square-foot concrete-framed building will offer flexible space for offices, workspaces, and display areas, along with robust power capacity to support multiple high-demand tenants. The building’s security features, including limited access points and naturally separated manufacturing bays, are designed to meet U.S. Department of War contracting criteria, positioning tenants to compete directly for federal defense work.

“It’s great to finally be transitioning from talking about this project to actually working on it. We appreciate all the support we’ve had from our political leaders and the community. YBI is proud to be a part of the project team that’s changing the trajectory of the Mahoning Valley,” said Barb Ewing, CEO of YBI.

Companies looking to expand, relocate, or enter the aerospace and defense manufacturing sector are encouraged to visit the Youngstown Innovation Hub website at youngstownhub.us.

About the Youngstown Innovation Hub for Aerospace & Defense

Managed by the National Center for Defense Manufacturing and Machining (NCDMM), the Youngstown Innovation Hub is a national proving ground for advanced and additive manufacturing, strengthening U.S. aerospace and defense supply chains and workforce development. Learn more at youngstownhub.us.

About YBI

YBI is a globally recognized economic development nonprofit, advancing innovation and growth across Ohio and beyond. Through a flexible suite of high-quality entrepreneurial services and resources, YBI supports startups, small businesses, and manufacturers at every stage of development. For more information, visit ybi.org.

Media Contact:
Jessica Sprowl, Marketing and Communications Director, YBI
jsprowl@ybi.org

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