Descartes Study Reveals 74% of Supply Chain Leaders View Technology as Crucial for Growth Amid Global Trade Challenges

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%).

Conducted in collaboration with SAPIO Research, the survey included 978 leaders in supply chain intelligence from major trading countries in Europe, the Americas, and Asia-Pacific. The objective was to gather insights on the strategies, practices, and technologies that organizations engaged in international trade are adopting to maintain competitive advantages and sustain business growth. The survey participants range from management-level executives to CEOs and business owners.