Monday, May 20, 2024

Technology Investments are Helping to Fortify Supply Chains

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It’s well documented that geopolitical tensions, economic pressures, talent shortages and cybersecurity threats are plaguing global supply chains, particularly at small and medium-sized businesses (SMBs). 

To shed light on the issues impacting SMBs and how they’re building supply chain resilience in the face of these challenges, advisory and research specialist Software Advice – a subsidiary of Gartner – gathered the thoughts of 1,100 supply chain management (SCM) leaders in the US, Australia, the UK, France and Germany.

Its Supply Chain Plans Survey finds investments in technology are proving crucial in helping SMBs to fortify their supply chains.

Tech budgets increase to improve supply chain resilience

Almost a third (31%) of supply chain management leaders told Software Advice they plan to adopt new SCM software in 2024. 

Specifically, spending in the US has increased, with 56% of leaders reporting that at least 6% of their budget had been allocated to supply chain technology spending.

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