Inbound Logistics Releases 2024 "IT Perspectives" Report: Insights on Supply Chain Technology Trends

April 24, 2024 01:27 AM AEST | By EIN Presswire
 Inbound Logistics Releases 2024
Image source: EIN Presswire
BETHESDA, MARYLAND, USA, April 23, 2024 /EINPresswire.com/ -- Inbound Logistics, a multimedia content platform for decision-makers and thought leaders in the supply chain, logistics, and transportation sector, has unveiled the findings from its 2024 IT Perspectives market research study. The annual report offers valuable insights into how shippers are harnessing supply chain technology to drive efficiency and profitability in today's complex, global marketplace.

The comprehensive survey of market-leading logistics technology providers reveals important insights on prevailing market trends, key solution categories, supply chain challenges, and the integration of next-gen technology in supply chain operations.

"As supply chains become increasingly complex and global, the role of technology in driving efficiency and profitability has never been more critical. Our 2024 IT Perspectives report offers valuable insights into how shippers are leveraging logistics technology to navigate today's challenges and seize opportunities for growth," said Felecia Stratton, Editor, Inbound Logistics.

Key findings include:

Growth in Logistics IT Adoption: 85% of logistics IT vendors report gaining customers over the past 12 months, indicating a growing demand for IT solutions in supply chain management.

Industry Trends: Retail and manufacturing sectors emerged as the strongest markets for logistics IT solutions, followed closely by the food and beverage industry and wholesale businesses.

Key Solution Categories: Popular solution categories offered by supply chain technology providers include optimization, process improvement, data management, and analytics. In addition, specific logistics functions such as order management systems, transportation management solutions, and routing and scheduling are also in demand.

Integration of AI: Half of the IT vendors surveyed provide solutions incorporating artificial intelligence (AI), demonstrating an increasing reliance on AI-driven technologies to streamline operations.

Challenges: Cost reduction remains the top priority for IT vendors' customers, with 86% citing it as a critical issue. Maintaining visibility into operations emerged as another common challenge, mentioned by 70% of vendors.

The report also offers vendor perspectives on the most pressing concerns their customers face today, ranging from managing demand amidst variability and volatile conditions to effectively automating supply chain decision-making.

Providers also share their strategies for responding to these concerns. Glenn Riggs, Chief Strategy Officer for Odyssey Logistics, addresses the growing demand for AI, stating, "We're investing heavily in our IT systems, including a robust data model and warehouse infrastructure, to unleash the power of AI and machine learning for our customers." And, to address concerns around trust in AI-driven decision-making, Ram Krishnan, Global Head of Customer Success at Aera Technology, highlights the company’s commitment to transparency. "We provide comprehensive visibility and traceability, ensuring decision-makers have full confidence in every outcome," Krishnan says.


Read the complete 2024 IT Perspectives Report here.

The 2024 IT Perspectives Report is featured in all April 2024 editions of Inbound Logistics. For more information and to access the complete report, please visit the Inbound Logistics website or access the digital edition here.

Amy Roach Partridge
Xometry/ Inbound Logistics
+1 212-629-1563
[email protected]
Visit us on social media:
Facebook
Twitter
LinkedIn
Instagram
YouTube


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.