Supply chain leaders are now likely one of the most flexible and adaptable groups out there, according to new research from Kenco Group, in that supply chain leaders are adopting new technologies, mitigating labor challenges and implementing sustainability strategies in new and interesting ways.
“The popularity of supply chain visibility tech is a consequence of the pandemic, when both shippers and consumers realized how important it is to know where their shipments are at all times,” says Felix Vicknair, VP of supply chain solutions at Kenco. “For other technologies, the onus is on the tech providers to demonstrate to users the benefits of their solutions and how they can help companies improve warehouses, distribution, transportation or other logistics considerations.”
- The study showed supply chain leaders are investing in various types of solutions: 65% have adopted or plan to adopt supply chain visibility technology by mid-year, 44% sensors and IoT, 42% robotics and automation, 34% 3D printing and 26% blockchain.
- 85% of supply chain leaders say labor shortages have negatively impacted their business. The top ways respondents are trying to mitigate staffing challenges are raising wages (56%), offering flexible schedules (51%) and offering sign-on bonuses (38%).
- Two-thirds of respondents said their business has goals related to sustainability, reducing waste or shrinking their carbon footprint. Using energy efficient warehouses and vehicles (45%), sustainable packaging materials (41%) and advanced analytics (33%) are the Top 3 strategies respondents are considering implementing to support their companies’ sustainability goals.