TechRepublic: Report: Retailers need to accelerate digital supply chain adoption
Story originally appeared in TechRepublic on July 9, 2020. Excerpts from the story below. To see the full story visit TechRepublic.com.
Against that backdrop, Blue Yonder, which provides a machine learning-driven digital fulfillment platform, recently asked WMG, the University of Warwick, to find out from global executives how far into digital transformations their retail companies were. It turns out, the company said this week, most are in the early days of adoption.
Research for the report, “The Retail Supply Chain Digital Readiness,” was conducted by WMG between March and April 2020, and included 104 respondents from Asia (China and Turkey), Europe (France and UK), Latin America (Argentina, Brazil, Colombia, Suriname, and Uruguay), North America (Bahamas and USA), and Oceania (Australia, Tuvalu).
According to a news release, only 15% of retailers currently have “prescriptive or autonomous supply chains” (Level 3 and Level 4 on a scale of 1-4). However, the report also revealed that retailers hold digital transformation ambitions, with 61% saying they want to achieve a prescriptive or autonomous supply chain by 2025.
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