Tuesday, January 21, 2025 Descartes Systems Group, a leader in integrating businesses with logistics-intensive operations worldwide, unveiled results from its research titled “What Companies are Doing to Tackle Escalating Global Supply Chain Challenges.” The research highlights that 74% of surveyed leaders in supply chain and logistics consider technology crucial or very crucial to their organization’s expansion strategy amid increasing global trade complexities, including tariffs, disruptions, and geopolitical tensions. This percentage rises to 88% among companies anticipating more than 15% growth within the next two years.
Additionally, 59% of respondents see technology as highly or extremely important for securing a competitive edge in international commerce. The study also identifies specific technological capabilities deemed essential for fostering business growth and securing market advantages in global trade. Of these, 36% of respondents recognized global trade intelligence as the primary tool expected to offer the most value in the forthcoming two years.
This preference was followed by global trade analytics and supply chain mapping, noted by 27% and 26% of participants, respectively. Furthermore, the findings indicate a consensus across various industries on the significant value of global trade intelligence over the next two years. This includes sectors such as manufacturing (40%), wholesale and distribution (44%), finance and insurance (38%), and retail (30%).
