Study: 72% of retailers digitizing supply chains to enable real-time visibility
The study reveals many retailers are turning to outside expertise to help fuel their digital innovation.
Nearly 72% of retailers are digitizing their supply chains to enable real-time visibility through tools like automation, sensors and analytics, according to research released by Logistics Trends & Insights, Atlanta, and American Global Logistics (AGL), Atlanta. In addition, the report, “AGL Supply Chain Brief: Eye on Retail,” shows that many retailers are turning to outside expertise to help fuel their digital innovation, spending $50.7 billion on third-party logistics providers in 2018.
“The demands of omnichannel and just-in-time delivery are forcing retailers to reimagine their supply chains,” says Jon Slangerup, chairman and CEO, AGL. “At the same time, we’re entering a renaissance for supply chain technology, with a wealth of solutions available based on shippers’ unique needs and processes. Retailers that couple the right technology with logistics expertise can unlock significant new value from their supply chains.”