New Impinj Research Reveals Top Headaches for Supply Chain Managers for 2025
11 Décembre 2024 - 2:00PM
Business Wire
Findings highlight the need for data accuracy
to bolster supply chain integrity and the use of AI in the year
ahead
Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and
Internet of Things pioneer, today announced findings from its new
Supply Chain Integrity Outlook 2025 research report. Based on a
survey of 1,000 US supply chain managers, the report reveals a data
accuracy gap that leaves many struggling to find the level of
insights, visibility, and accuracy required to drive confidence in
their supply chain and respond quickly to market changes. While the
majority (91%) of supply chain managers believe they are equipped
to drive accurate supply chain visibility, the reality is that only
a third (33%) consistently obtain accurate, real-time inventory
data. The report’s findings show how the supply chain data accuracy
gap hinders supply chain managers’ ability to address key
challenges, including counterfeit goods, shrink and theft, misload
and delivery errors, meeting sustainability requirements, and
effectively implementing AI within their organization’s supply
chain.
The report also reveals over half (52%) of supply chain managers
face challenges responding to rapid peaks in customer demand driven
by social media- and influencer-driven trends. Nearly half (47%) of
supply chain managers also report that changes in customer demand
due to growth in social media storefronts (49%) and the rise of the
thrift movement (47%) are among the top challenges for their
organization’s supply chain.
Supply chain managers prioritize tackling counterfeits,
preventing shrink and loss, and reducing misloads and delivery
errors
The report highlights the most significant supply chain
integrity challenges and priorities for supply chain leaders within
various sectors, including:
- Counterfeit goods in retail: 65% of supply chain
managers agree it’s a challenge for their organization to reduce
the amount of counterfeit goods entering the supply chain. Almost
all (98%) retail supply managers are taking measures to combat
counterfeiting. Implementing new technologies for authentication of
goods in transit (44%), for general goods verification (42%), and
introducing more authentication checkpoints throughout the supply
chain (40%) are the key actions retailers are taking to combat
counterfeiting.
- Shrink and theft in retail: 60% of retail supply chain
managers surveyed also agree that reducing rates of shrink and
theft is a challenge for their organization, with an overwhelming
majority (99%) investing in measures to mitigate these concerns.
Increasing security checkpoints during transit and delivery (48%)
and implementing new technologies for tracking goods (41%) are the
top measures retailers are taking to minimize the impact of shrink
and theft.
- Shrink in the food, grocery, and restaurant sector: The
issue of shrink becomes even more pronounced within the food,
grocery, and restaurant sector where 82% of supply chain managers
report challenges reducing shrink. Shoplifting (45%), food spoilage
(37%), and food waste (35%) are the top causes of shrink reported
by supply chain managers in the food industry. Implementing new
technologies for shopfloor surveillance (45%), tracking goods
(44%), and reducing food waste (44%) are key measures organizations
in food, grocery, and restaurants are taking to decrease
shrink.
- Reducing misloads and delivery errors in transportation and
logistics: Almost three quarters (74%) of surveyed supply chain
managers within transportation and logistics firms are concerned
about growing volumes of Load Planning Problems (LPPs), misloads,
and delivery errors impacting their organization. Survey
respondents revealed that the largest volume of errors is most
likely to occur as a result of delivery and last-mile misloads
(24%) and label inaccuracies (22%). Almost half (48%) of
transportation and logistics firms plan to invest in improving
shipment accuracy and reducing delivery errors as a critical part
of their sustainability efforts.
Data inaccuracy fuels challenges implementing AI effectively
in the supply chain
The barriers supply chain leaders face in achieving real-time
inventory insights, visibility, and accuracy are also impacting
their ability to effectively implement AI within the supply chain.
Effective AI strategies are built on accurate data, yet the report
reveals that data accuracy is the top challenge supply chain
managers face (43%) in effectively implementing AI to improve their
organization’s supply chain, alongside data availability (39%) and
access to real-time data (36%). Overcoming these challenges will be
essential for unlocking the full potential of AI across supply
chain networks.
“Supply chain managers continue to face data blind spots that
prevent them from ensuring secure, reliable, and adaptable supply
chains,” said Impinj Chief Revenue Officer Jeff Dossett. “It’s
essential that organizations address the data accuracy gap by
putting technology in place to surface accurate data that fuels the
real-time, actionable insights and visibility needed to ensure
supply chain resilience.”
Implementing effective strategies to improve supply chain
sustainability is both a focus and a challenge
The pressure to reduce the environmental impact of their
operations continues to be one of the biggest challenges faced by
supply chain managers. Over a quarter (27%) report continued issues
reducing the environmental impact of their organization’s supply
chain, and 25% cite challenges in meeting more stringent ESG
regulations, such as the European Union’s Digital Product Passport
(DPP) and Corporate Sustainability Reporting Directive (CSRD).
Across sectors, supply chain managers report the top ways their
organizations are implementing strategies to improve sustainability
include improving the measurement of their sustainability efforts
(52%), improving last-mile delivery efficiency (44%), reducing
waste (41%), and implementing recycling initiatives (40%).
About the survey
1,000 US supply chain professionals (director level and above)
across retail; food, grocery and restaurant; transportation and
logistics; and other sectors were surveyed in August 2024 with
questions designed to assess the state of supply chain integrity in
2025.
Supply chain integrity refers to the reliability, security, and
accuracy of all elements within the supply chain, ensuring that
products and services are delivered as intended without disruption,
tampering, or counterfeiting.
Download the full Supply Chain Integrity Outlook 2025 report
here.
About Impinj
Impinj (NASDAQ: PI) helps businesses and people analyze,
optimize, and innovate by wirelessly connecting billions of
everyday things — such as apparel, automobile parts, luggage, and
shipments — to the Internet. The Impinj platform uses RAIN RFID to
deliver timely data about these everyday things to business and
consumer applications, enabling a boundless Internet of Things.
www.impinj.com
Impinj is a registered trademark of Impinj, Inc. All other
trademarks are the property of their owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241211654085/en/
Media Relations Jill West Vice President, Strategic
Communications +1 206-834-1110 jwest@impinj.com
Impinj (NASDAQ:PI)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Impinj (NASDAQ:PI)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024