Companies want to invest in technology

Descartes’ group of systems has now published the results of the study.”Innovations in supply chain and logistics are accelerating, but there is still work to be doneIt was published. It examined how technological innovations affect supply chains and logistics operations and what strategies executives follow regarding future investments. According to the study, 59 percent of the companies surveyed have increased their investment volume and use of innovative solutions over the past two years. In addition To this, 65 percent plan to increase their spending on technology in the next two years.However, 87 percent also said they faced internal obstacles to adopting supply chain and logistics innovations.

1,000 decision-makers from the logistics and supply chain sectors in nine European countries, Canada and the United States participated in the Descartes study. Thus, the survey provides important insights into the importance of investing in technological innovations. It also shows the strategic differences between the most economically successful companies. And those companies whose management considers innovation very important.

Efficient logistics operations

“Recent history has highlighted the impact of supply chain performance on a company’s success or failure. As a result, the need to revamp operations has moved to the top of the agenda for many managers,” explains Dirk Haske, Vice President and General Manager for E-commerce at Descartes Systems GmbH . The study also shows that supply chain and logistics innovations are being accelerated. But many companies are still in their infancy when it comes to digitization, especially when it comes to using advanced technologies like artificial intelligence.”

In the study, Descartes analyzes the relationship between innovation and corporate success and the drivers of supply chain and logistics innovations. In addition to the added value of the company and the obstacles that stand in the way of speed and size of investment. In the survey, Descartes also examines the areas in which innovations in supply chain and logistics are having the greatest or least impact, which key technologies are already being used and where the focus lies for current and future innovation. Finally, the report sheds light on how the importance of supply chain and logistics innovation is changing on a geodemographic basis.

the Descartes group of systems It is a manufacturer of software as a service (SaaS), supply chain and logistics solutions. Cloud-based software solutions enable logistics-intensive companies to improve the productivity, performance, and security of their operations in the areas of transportation management, route planning and optimization, customs clearance, sanctions list checking, electronic data interchange (EDI) and warehouse logistics. Follow Favorite

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