As technology evolves and disrupts our industry, it is important to take a step back and get a “reality check” on the usefulness of these technologies, especially as leaders are looking for new innovative technologies to give their companies a competitive advantage in the market. It can be difficult to separate out the hype surrounding these new technologies from the reality. This industry report, Reality Check: Supply Chain Technology Innovation Benchmark Study, works to help you do just that.
American Shipper’s Ben Meyer surveyed 296 supply chain stakeholders to more closely examine the trends around investment in both current and futuristic supply chain technologies. By doing this, he hopes to determine not only how the industry feels about new technologies, but how serious they are about implementing them in their own company.
Some key statistics that you can find in the report include:
- 77% of firms are looking to improve or automate transportation execution
- 42% of firms say that cost is the biggest impediment to technology investments
- US-based companies spent $2.23 Billion on disruptive logistics technology
- 13% of firms don’t use any digital tools aside from Microsoft Excel
It is an exciting moment in time to be a supply chain operator. As new and emerging technologies break into the industry, it is important for companies to examine current technologies that they have yet to utilize to their full potential. They could be the key to driving maximum efficiency in everything from global sourcing and manufacturing to freight transportation and regulatory compliance. From there, companies can truly expand using disruptive technologies to optimize their supply chains and fortify their competitive advantages.
If you want to learn more about these technologies and benchmark your company against leaders in the industry, download our industry report today!
This post was published on March 14, 2019 and updated on March 14, 2019.