New research published by Incisiv, identifies how distribution and logistics companies are optimizing their operations with innovative technology to increase throughput, inventory turnover, and labor productivity. Key insights include:
- Companies seek higher throughput at a lower incremental cost: The majority (78%) of companies surveyed rate managing operational costs as a top driver of IT investments.
- Managing the workforce is a top priority: 86% of companies cite labor shortages and workforce management as significant challenges. Key issues include recruiting skilled workers (85%), competitive compensation (75%) and employee turnover (70%).
- Proven technologies are a top focus area: 81% of companies have or plan to deploy mobile devices by 2026 to improve productivity. Companies also plan to invest in RFID or Internet of Things inventory tracking (49%), robotics for picking and packing (45%), and camera vision for quality control, packing, and returns (37%).
- AI is essential for future success: 84% of companies recognize that AI will be essential for future competitiveness, however, only 10% have a common understanding of AI across the enterprise.
