2019 was filled with turbulence, both in the geopolitical sphere and the technological one. This created waves throughout the supply chain and trade industry. AAEI and Amber Road worked together on their 3rd Annual Trade Trends Report to determine how companies in the industry are using supply chain technology. Are companies focused on automating previously manual processes? Are they simply using technology to collect data? By interviewing over 100 supply chain professionals, we hope to answer these questions and allow other professionals in the industry to use this data as a benchmark or as a source of data to make informed decisions for their company.
Supply Chain 4.0, otherwise known as the Fourth Industrial Revolution, has been at the forefront of the industry’s mind. With companies experiencing the backlash of the “Amazon Effect,” they are looking to technology to help them meet the 6 “Rs” of supply chain execution. The “Rs” are the right partner, with the right product, at the right price, in the right place, and right time with the right compliance. This is what companies who want to compete in evolving markets are focused on.
With this knowledge we’ve collected reliable data that you can use to keep your company relevant and prosperous in current and future markets. Some key statistics include:
71% are considering cloud-based data management technologies
47% are accelerating their technology adoption
Only 12% believe that their systems are fully connected
Supply Chain 4.0 is here to stay - Download the Trade Trends Report: How Are Companies Using Technology to Address Global Trade Woes? to find out how your company benchmarks against leaders in the industry.
This post was published on February 19, 2019 and updated on February 19, 2019.