Accenture on Wednesday said that it was acquiring US-based from electronic components and semiconductor distributor, Avnet Silica, showed that issues around supply chain, often driven by semiconductor shortages, remain the top concern for most industry sectors despite talk of the pandemic slowing down.
The report, which is based on a study conducted by Avnet consultants after reviewing 30,111 earnings call across different sectors between January 2018 and April 2022, points out that supply chain issues occupied more than 60% of airtime in earnings calls across all industries in 2022, compared to just 47% and 37% in 2021 and 2020, respectively.
All these factors combined have resulted in interest from cloud software providers to digitize supply chain operations for enterprises. A report from Allied Market Research showed that the global digital supply chain market is expected to reach $13.67 billion by 2030 from $3.91 billion in 2020.
Oracle continues push for Fusion applications
Meanwhile, Accenture’s acquisition of Inspirage to bolster its Oracle business comes at a time when Oracle is continuing to invest in expanding its cloud services to play catch up with rivals such as Google Cloud, Amazon Web Services (AWS), and Microsoft.
Oracle’s Fusion Cloud applications and NetSuite sales have been growing at a steady pace, with CEO Safra Catz saying that these two cloud products accounted for major part of the growth in the last few quarters.
In the fourth quarter that ended in June 2022, Fusion ERP Cloud revenue was up 23% in constant currency terms, with NetSuite ERP cloud revenue showing an increase of 30% in constant currency terms.
In the previous quarter, the products showed an increase in revenue of 35% and 29% (in constant currency) respectively.
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