• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Domain Market Research

there is no brand name like a domain name

  • About
    • Domain investing vs domain development
  • 1 Word Domains
  • 3 Letter Domain Names
    • 4 letter domain names
    • 5 letter domain names
  • Sponsored Post
    • Make a Contribution
  • Market Pulse
  • Contact

85 Percent Of U.S. Retailers Haven’t Completed Supply Chain Digitization

February 13, 2019 By admin Leave a Comment

According to new research released from Gravity Supply Chain Solutions, 85 percent of U.S. retailers haven’t completed the digitization processes (using a cloud based platform with real time visibility, and automation capabilities) required to give them full control of their supply chain. Without this, retailers will struggle with speed to market, hampering their ability to efficiently allocate supply with demand with the knock-on impact of reducing sales.

The research which is based on interviews with 500 retail executives in the U.S. and the U.K. reveals that only 15 percent of U.S. retail businesses have completed supply chain digitization. Despite this slow rate of digitization, the report finds that 60 percent of respondents see digitization as critical to creating seamless omnichannel retail experiences.

For retailers relying on manual supply chain management processes, cost is perceived to be the main blocker. This is the case for 46 percent of respondents whose supply chains remain undigitized. This could be attributed to a fear of failing to deliver ROI considering that a further 29 percent cited the inability to justify cost as the most significant blocker to supply chain digitization.

Digitization.info, domain name for sale

“Clearly, the supply chain is the final frontier of retail digitization, and while retailers are anxious about the cost, not moving from manual spreadsheet-based supply chain management towards digitized processes could cost them a whole lot more.” says Graham Parker, CEO of Gravity Supply Chain Solutions.

Many U.S. respondents that have not completed digitization say they do recognize the value in doing so. For those yet to undergo digitization, 44 percent believe the lower cost of operation is the strongest benefit, followed closely by higher profit margins (40 percent), and greater customer experience (36 percent).

For those who have fully digitized their supply chains, one significant benefit has been better decision-making with 76 percent stating that they believe their organization has enough data and insight to make the right decisions about its supply chain. More than 55 percent say that order tracking across all touchpoints has improved the customer experience while 53 percent say personalization of products has increased.

The most significant learning from this report is that the majority of retailers understand the value of supply chain digitization. Supply chain digitization presents a massive opportunity for retailers to improve customer loyalty and the correct solution can allow them to add analytical, predictive, and AI capabilities in phases to help meet consumer demand in the most efficient way possible.

Want to learn more? Click here to download the full report.

About Gravity Supply Chain Solutions
Gravity Supply Chain Solutions is the developer of state-of-the-art technology that gives unprecedented 24/7 visibility of entire supply chain networks. By uniting manufacturers, logistics service providers, and retailers on one platform, Gravity improves collaboration and decision-making at every stage of the supply chain. With dedicated offices in five major cities around the world, Gravity is a global solution for global operations.

Filed Under: Press Release

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Sold: WineRelais.com
  • Domain name workshop, from March 15, 2023
  • Secure Your Domain Empire: How VPNs Can Help Domain Investors Protect Their Digital Assets
  • Making marketing case for domain name Exclusive.org
  • Cloudflare Wins CISA Contract for Registry and Authoritative Domain Name System (DNS) Services
  • American companies are increasingly assuming Finnish names
  • Sold: reposco.com
  • Verisign Reports Internet Has 349.9 Million Domain Name Registrations at the End of the Third Quarter of 2022
  • 2022 CSC Domain Security Report Finds Nearly Three Quarters of Global 2000 Companies are at Alarmingly High Risk of Exposure to Security Threats
  • Sold: webxrtools.com

Media Partners

  • Opinion
  • Exclusive Domains
  • Briefly
  • OPINT
  • VPNW
  • S3H
  • Domain Aftermarkets
  • App Coding
  • API Coding
  • Blockchaining

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • Cybersecurity Events
  • Event Calendar
  • Calendarial
  • Domain Market Research
  • Pixel Effect
  • Domain Name for Business

Copyright © 2018 DomainMarketResearch.com

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT