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.
In The News
- Solutions Review: The Technology Transforming the Supply Chain
- Chain Store Age: How retailers benefit from new federal supply chain actions
- The Economic Times: Accenture and Blue Yonder celebrate opening of collaboration centers
- Fortune: It’s time to unshackle our supply chains
- Unite.AI: The Role of Generative AI in Supply Chains
Analyst Reports
- Gartner Market Guide for Workforce Management Applications
- Gartner Market Share Analysis: Supply Chain Management Software, Worldwide, 2022
- Gartner Critical Capabilities for Warehouse Management Systems
- IDC Worldwide Price Optimization and Management Application Software Forecast, 2023–2027
- Nucleus Workforce Management Value Matrix, 2023
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