GITNUX MARKETDATA REPORT 2024

Supply Chain Visibility Industry Statistics

The Supply Chain Visibility Industry is projected to grow at a significant rate due to increasing demand for real-time, end-to-end visibility and transparency in global supply chains.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the crucial role of statistics in the supply chain visibility industry. From the significant productivity improvements linked to Artificial Intelligence implementation to the projected growth in the Global Supply Chain Visibility Software market, we will dissect key data points that highlight the digital transformation and challenges within supply chain operations. Join us as we uncover the latest trends and insights shaping the landscape of supply chain visibility.

Statistic 1

"The implementation of Artificial intelligence in supply chain visibility can result in productivity improvements of up to 15%."

Statistic 2

"97% of supply chain executives report having pursued digital transformation."

Statistic 3

"The average supply chain has a 63% digitization level."

Statistic 4

"The Global Supply Chain Visibility Software market is projected to grow at a CAGR of 13.3% during 2022-2027."

Statistic 5

"Connected Supply Chain market size was estimated at 13.21 billion in 2020."

Statistic 6

"85% of companies see greater effectiveness from their supply chain visibility solutions when they are integrated across their entire network."

Statistic 7

"The global supply chain analytics market size exceeded US$3 billion in 2020."

Statistic 8

"The top three challenges for supply chain visibility initiatives are complexity, cost, and data quality."

Statistic 9

"By 2024, 50% of all manufacturing supply chains will have the ability to invest in intelligence within applications."

Statistic 10

"IoT adoption in supply chains increased from 22% in 2017 to 27% in 2019."

Statistic 11

"Use of Artificial intelligence in supply chains has increased revenue by more than 10% for 20% of companies."

Statistic 12

"A 10% increase in supply chain visibility can result in a 40% decrease in stockouts."

In conclusion, the statistics presented demonstrate a clear trend towards the integration of advanced technologies and digital transformations in the supply chain industry. From the promising productivity improvements achievable through Artificial intelligence to the substantial growth projected in the Global Supply Chain Visibility Software market, there is a strong emphasis on leveraging data-driven insights for more efficient operations. The challenges of complexity, cost, and data quality remain key obstacles, but the increasing adoption of IoT and AI solutions is proving to drive revenue growth and reduce stockouts significantly. As companies aim to enhance visibility and connectivity across their networks, the potential for further advancements in supply chain analytics and intelligence applications is apparent, showcasing a shift towards a more technologically advanced and effective supply chain ecosystem.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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