73% of average supply chain IT budget ‘will be allocated to growth and performance’
As organisations place greater emphasis on supply chain management, Chief Supply Chain Officers (CSCOs) intend to grasp their collective opportunity to invest in growth through new technology investments. That’s according to a survey of 499 supply chain leaders undertaken by Gartner from October through December 2022 in North America, Latin America, Western Europe and the […]
Research pinpoints top five smart factory implementation risks
Smart factory operations can help supply chain leaders achieve many of their highest priorities, but the challenges are too often underestimated. That’s according to research from Gartner, which says successful smart factory initiatives require accompanying cultural and operational transformations that are slow by nature and in many cases will require entirely new organisational designs to […]
70% of businesses ramping up investment in supplier risk detection
Moody’s Analytics research into third party risk management shows that the threat to reputations is a key driver of investment in supplier risk detection. Key findings include 69% of businesses say they do not have the necessary visibility over their supply chains to uncover risk in their organisational networks to avoid reputational harm. Meanwhile, 70% of […]
Is carbon management crucial for a clean supply chain win?
As the urgency to combat global warming intensifies, enterprises are increasingly adopting rapid decarbonisation practices to align their business strategies with sustainable development goals (SDGs). With a focus on addressing the dual crises of climate change and the ongoing destruction of natural ecosystems, businesses are at the forefront of sustainability efforts and are highly interested […]
Customer enablement only emphasised by 23% of supply chain organisations
Supply chain organisations that enable customers to get their own jobs done are twice as likely to receive repurchase orders compared with peers that focus merely on customer satisfaction or ease. A Gartner survey also found that customer enablement is only being emphasised by 23% of supply chain organisations today, but the strategy will become […]
Inadequate tech means 95% of companies will fail to enable end-to-end supply chain resiliency by 2026
Most companies will remain locked into an outdated model that will prevent them from achieving end-to-end (E2E) resiliency in their supply chains by 2026. Analysis by Gartner indicates that few companies have accepted the necessary paradigm shift from being forecast-driven, and primarily focused on accuracy, to instead focusing on managing uncertainty in their supply chains. […]
65% of companies plan to accelerate supply chain and logistics innovation investment
More than two-thirds of organisations plan to increase their technology spending over the next two years, though 87% indicated they still face internal inhibitors to supply chain and logistics innovation. That’s according to a Descartes study Supply Chain and Logistics Innovation Accelerates, but Has Long Way to Go, which examined how technology innovation is changing […]
FMCG giants ramp sustainable packaging efforts
Fast-moving consumer goods (FMCG) companies are increasingly pledging to bring the environmental, social and governance (ESG) element into packaging with an aim to address various environmental challenges. Amid mounting pressure from customers, investors, and governments, they are making forward-thinking moves to improve the world by offering ethical, sustainable purchase choices to consumers, says GlobalData. GlobalData’s […]
87% of business leaders expect to increase sustainability investment
87% of business leaders expect to increase their organization’s investment in sustainability over the next two years. Customers are the primary stakeholder group creating pressure for organizations to invest or act on sustainability issues, selected by 80% of executives, followed by investors (60%) and regulators (55%). “Sustainability enables businesses to cope with disruption,” said Kristin […]
Freight’s clean future: 94% of UK companies to ‘go green’ within five years
A new survey has found that 94% of transport & logistics (T&L) companies are committed to actively reducing carbon emissions by 2027. The 2022 Green Technology in Freight survey carried out by Neos one year on from the announcement of the UK government’s Decarbonising Transport plan, shows a significant portion of the industry are set to […]