PITTSBURGH, June 25, 2024 (GLOBE NEWSWIRE) — TrueCommerce, a global provider specializing in supply chain and trading partner solutions, has released its latest “Supply Chain Trends Report 2024.” The report, based on a survey of global supply chain leaders, highlights ongoing challenges and strategies for addressing them in the coming years.
Key findings reveal that many supply chain leaders are planning to leverage advanced technologies such as supply chain management systems, electronic data interchange tools, and cloud-based ERP solutions to tackle persistent issues. These technologies are seen as critical in overcoming challenges related to inflation, talent retention, and supply chain disruptions, which continue to be top concerns for businesses moving into 2024.
In terms of specific challenges, cost control and talent retention have emerged as primary priorities, reflecting a strategic shift in operational focus. The survey underscores a widespread acknowledgment among respondents of the complexities posed by these challenges, although there remains room for improvement in understanding their interconnected impacts.
Ryan Tierney, Vice President of Product Management at TrueCommerce, emphasized the evolving nature of business strategies in response to market changes: “Businesses are increasingly prioritizing speed, accuracy, and efficiency. Achieving these goals hinges on effective cost management, talent acquisition, and customer expansion.”
Beyond these core challenges, the report identifies additional obstacles affecting supply chain performance, including supply chain disruptions, order management complexities, and global regulatory mandates. These factors collectively underscore the multifaceted nature of modern supply chain operations.
Looking ahead, technology investment stands out as a top priority for businesses, with a significant majority of leaders planning to increase spending on supply chain software and ERP solutions in 2024. The shift towards cloud-based solutions is particularly notable, offering enhanced integration capabilities and operational efficiencies for businesses transitioning from legacy systems.
For more detailed insights from the report and actionable recommendations for supply chain leaders, visit TrueCommerce’s official site.
About TrueCommerce: TrueCommerce specializes in empowering businesses to optimize supply chain performance through a comprehensive global network. Offering integrated solutions that connect customers, suppliers, logistics partners, and internal systems, TrueCommerce facilitates streamlined operations and enhanced business outcomes. With over 25 years of industry expertise, TrueCommerce remains a trusted partner for businesses worldwide, from SMBs to global Fortune 100 companies.
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