Descartes Systems has released results from their study as companies are doing to address the global supply chain challenges. The study shows that 74 per cent of the leaders of the supply chain and logistics services included in the survey included that they are essential or very important to the strategy of their institution’s growth in the face of increasing global trade challenges, such as customs tariffs and commercial barriers, disrupting the supply chain and geopolitical instability. This number jumps to 88 percent for companies that expect growth over 15 percent over the next two years. In addition, 59 percent technology is very important or very important to provide a competitive advantage in international trade.
When considering the potential of technology that is expected to help participating in international trade, international business growth enables and acquires a competitive advantage, and 36 percent of global trade intelligence indicated as the highest capacity required to provide the largest value in the next two years. This was followed by 27 percent global trade analyzes and 26 percent fee for supply chain maps.
The results also showed that the respondents in all industries agreed that the intelligence of global trade is the highest technology that is expected to provide the largest value over the next two years, including, for example, in manufacturing (40 percent), sentence and distribution (44 in The hundred), financing and insurance (38 percent), and retail trade (30 percent) sectors.
“For companies in various industries, world trade has become more complicated, with many new challenges for traditional commercial operations,” said Jackson Wood, director of industry strategy in Descartes. “Since companies are suitable for definitions and commercial barriers, geopolitical instability, disrupting the supply chain and compliance requirements, technology tools can help them build light movement and flexibility in their supply chains to compete more effectively.”
Descartes and Sapio Research wiped 978 intelligence leaders in the supply chain in the major commercial countries throughout Europe, North, South, Asia and the Pacific. The goal was to understand the strategies, tactics and technologies used by companies participating in international trade to help obtain a competitive advantage and ensure continued business growth, and to determine whether these are factors such as the country, industry, company size and business growth. The respondents are members of the company’s leadership teams, from the level of management to the CEO or the owner. To learn more, read the study what companies are doing to address the challenges of the escalating global supply chain.
Beyond 74 percent of the supply chain leaders see technology the growth key appears first in the week of air cargo.
