This report highlights the state of supply chain visibility. Based on the findings from a proprietary industry-wide survey, the report reveals how the current on-demand consumer mindset is putting more pressure on retailers and brands to embrace the technology that provides real-time information on the status of their goods.
- 70% of retailers say late shipments cost their company up 5% in margin
- 56% of retailers hold 3 weeks or more of safety stock because they said they have poor visibility into late or early shipments
- 32% experience late product shipments up to 75% of the time
Respondents’ feedback illustrates the ways in which a lack of visibility into the supply chain often results in either costly overstocks or missed sales opportunities when goods are out of stock.