Is Technology the Solution to Global Supply Chain Complexity?

As worldwide exchange keeps on changing the manner in which organizations are delivering, moving, purchasing, and selling merchandise across borders, it’s significant for store network pioneers to think about exchange drifts that can help them benchmark their organization against the pioneers and loafers.

To figure out arising and existing innovation, a new study by worldwide exchange the board programming supplier Amber Road and the Association of American Exporters and Importers gives an understanding of what innovation organizations are utilizing, the difficulties these frameworks are relied upon to address, and how organizations are executing them.

Here are some key statistics from the survey of more than 120 supply chain executives in a cross-cut of industries and roles.

While 77 percent of respondents state tariffs and duties top their list of concerns for 2019, 57 percent are looking to reduce supply chain costs.
More than 50 percent are looking to solve sourcing and quality issues using technology (see chart above).
Only 40 percent are leveraging a Global Trade Management system for supply chain execution.
Even then, not all processes are automated, indicating continued reliance on manual processes.
Blockchain is being considered at 30 percent of responding companies; probably the same 33 percent that considers their companies as leaders in technology adoption.
The report gives guidance on how to build the “right” technology stack. Although finding the right stack might sound daunting at first, this task should be seen as a way to spark your company’s innovativeness in finding new ways to compete and win.

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