GITNUX MARKETDATA REPORT 2024

Ai In The Wholesale Industry Statistics

Utilization of AI in the wholesale industry is expected to improve efficiency, optimize inventory management, and enhance customer experiences.

Statistic 1

"37% of wholesale distributors are planning to implement AI over the next five years."

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Statistic 2

"AI can increase the wholesale industry's annual revenue by 35%."

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Statistic 3

"42% of wholesalers consider AI technology as instrumental in helping achieve strategic objectives."

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Statistic 4

"Wholesale and retail trade industry is the third-largest AI-spending industry with projected spending of $9.4 billion by 2023."

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Statistic 5

"Automated customer service agents are the top use of AI in the wholesale trade industry, accounting for 53.5% of AI spending in the sector."

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Statistic 6

"Roughly 55% of the wholesalers believe that AI can significantly influence product development and supply chain."

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Statistic 7

"35% of wholesale distributors believe that AI will significantly impact their business in the next five years."

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Statistic 8

"AI in supply chain management can reduce procurement costs for wholesale firms by 3.2%."

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Statistic 9

"Wholesale companies using AI for customer segmentation can increase marketing and sales effectiveness by 15-20%."

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Statistic 10

"84% of wholesale distribution companies say AI will be fully implemented in their company within the next decade."

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Statistic 11

"The adoption of AI in the wholesale and retail sectors could add a $10 trillion economic opportunity by 2025."

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Statistic 12

"AI can increase wholesale supply chain process efficiency by 65%."

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Statistic 13

"Approximately 85% of wholesale/retail companies are currently using AI in supply chain and logistics, up from 46% in 2016."

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Statistic 14

"By 2023, the wholesale and retail sector is expected to spend $7.3 billion on AI-driven CRM solutions."

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