We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Report: Supply chain tech investments on the rise

Report: Supply chain tech investments on the rise

77% of organizations plan to invest $100,000 or more in supply chain technology this year, with information-sharing solutions leading the way.

Screen Shot 2022-04-12 at 11.31.52 AM.png
April 13, 2022
DC Velocity Staff
No Comments

Companies are reaping big rewards from their supply chain technology investments, a trend that is expected to accelerate this year, according to research from technology provider Cleo and research firm Dimensional Research, published this week.

The companies polled more than 100 executives at medium to large organizations across North America and Europe for the report: Achieving Business Agility Through Ecosystem Integration. Their goal was to understand the greatest business threats facing companies in 2021 and 2022 and to determine what firms are doing to mitigate risks. Respondents identified the pandemic and subsequent supply chain disruptions as the greatest threats over the past year and said that technology investments are helping them address those challenges. Business leaders said they increased their firm’s agility by investing in “integration technology” in particular–solutions used to connect applications and systems to one another in order to share information and facilitate transactions between those systems. For about 20% of companies, such investments drove $3 million or more in additional revenue in 2021, according to the report.

“For 50% [of respondents] it was at least $1,000,000 [in added revenue], and for three out of four (73%), it was at least $500,000 – proving that integration technology, given its direct impact on both overcoming supply chain disruption and driving business growth, should be a top strategic priority among business executives,” according to the researchers.

What’s more, 77% of respondents said they plan to invest $100,000 or more in supply chain technology in general this year.

“Our survey shows an agile supply chain starts with flexibility and control at the integration layer,” Tushar Patel, chief marketing officer with Cleo, said in a statement announcing the survey results. “By proactively ensuring that their integration strategies complement their other technology investments, companies win—both in terms of revenue generation and improved relationships with their ecosystem partners.”

The report found that 59% of respondents invested in integration technology as their primary method to respond to disruptions threatening their business, followed by 53% who said they invested in back-office applications, such as ERP, CRM, WMS, and TMS solutions.

More than 90% of respondents said technology-driven agility will be a key initiative for their companies moving forward.

“Over the next 12 months, we expect forward-thinking executives to continue to make the necessary supply chain technology investments to drive business agility–with integration investments leading the way. It really will become a conversation about table stakes,” according to Patel.

Screen Shot 2022-04-13 at 3.10.32 PM.png

Technology Supply Chain IT Business Intelligence/Decision Support Supply Chain Optimization Software
KEYWORDS Cleo Dimensional Research
  • Related Articles

    Report: Companies shorten supply chains, boost tech investments

    Tech trends: Use of digital twins on the rise

    Report: Mobile robotics on the rise in retail

Recent Articles by DC Velocity Staff

Freightos completes plan to go public on NASDAQ exchange, raises $80 million

Retailers lose visibility as they outsource last-mile delivery, FarEye says

Warehouse robots drive change in automotive plant

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: top supply chain risk of 2023 is semiconductor shortage

  • Big and bulky last-mile delivery segment set for hot growth

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • In Person: Steve Beverly of Penske

Now Playing on DCV-TV

1b952214 50bc 4b17 8699 b7fd3de34b0c

The Right Way Versus the Wrong Way Equals BIG $ When Conducting Transportation Sourcing Events

DCV-TV 4: Viewer Contributed
What is the "smart" way to source your transportation and why is it so important? Because the carriers are smart and they will provide better rates and service when things are done the right way versus the "wrong" way. In short, from a carrier's perspective sourcing events are a clear indication whether a shipper...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing