Supply Chain Professionals Increasing Investments in Digital Technologies: Study

Close to 55% of supply chain leaders are increasing their supply chain technology and innovation investments with 60% saying they are planning to spend over $1 million and 19% planning to spend over $10 million, according to a report released by MHI and Deloitte.

“As the promise of agentic AI for warehouse process automation, real-time inventory visibility, predictive maintenance, and demand forecasting grows, high-quality data will be essential to utilizing this technology to drive efficiency and agility. Additionally, predictable and ethical behavior from AI solutions will be a focus,” says John Paxton, CEO, MHI.

Key takeaways:

• This investment includes solutions for orchestrated, end-to-end solutions between tech and human workers.
• Adoption of artificial intelligence is expected to rise dramatically, with 28% reporting that it's in use today, and another 54% reporting that they plan to have it in use within 5 years, making the 5-year total nearly triple that of today at 82% by 2029.
• According to this year’s respondents, the Top 5 most impactful supply chain trends are inflation (38%); economic uncertainty (37%); workforce and talent shortages (35%); supply chain agility and resiliency (28%); and inventory challenges (25%).