Distribution companies are focused on investing in technology to boost efficiency and labor productivity

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.
Download and read the report to see how your peers are using technology to improve their operations.

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