A new study by Descartes Systems Group highlights how supply chain leaders rely on technology to manage rising global trade complexities. Of the 978 leaders surveyed, 74% see technology as a critical part of their growth strategy, with this number increasing to 88% for companies forecasting over 15% growth in the next two years. Key challenges cited include tariffs, trade barriers, supply chain disruptions, and geopolitical uncertainty.
Global trade intelligence was identified as the most valuable technology for the next two years, with 36% of respondents ranking it first. This was followed by global trade analytics (27%) and supply chain mapping (26%). Industries such as manufacturing, wholesale, finance, and retail ranked global trade intelligence as the leading tool for adding value to their operations.
“For companies in diverse industries, global trade has become much more complex, with many new challenges to traditional business operations,” said Jackson Wood, Director of Industry Strategy at Descartes. “Technology tools can help them build greater agility and resilience into their supply chains to compete more effectively.”
The study, conducted in partnership with SAPIO Research, surveyed leaders from key trading regions worldwide. Respondents represented a wide range of industries and leadership levels, from managers to CEOs.