Supply Chain Visibility Statistics 2024 - Everything You Need to Know

Are you looking to add Supply Chain Visibility to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Supply Chain Visibility statistics of 2024.

My team and I scanned the entire web and collected all the most useful Supply Chain Visibility stats on this page. You don’t need to check any other resource on the web for any Supply Chain Visibility statistics. All are here only 🙂

How much of an impact will Supply Chain Visibility have on your day-to-day? or the day-to-day of your business? Should you invest in Supply Chain Visibility? We will answer all your Supply Chain Visibility related questions here.

Please read the page carefully and don’t miss any word. 🙂

On this page, you’ll learn about the following:

Best Supply Chain Visibility Statistics

Best Supply Chain Visibility Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 255 Supply Chain Visibility Statistics on this page 🙂

Supply Chain Visibility Usage Statistics

Companies can reap a 25% increase in productivity, a 20% gain in space usage, and a 30% improvement in stock use efficiency if they use integrated order processing for their inventory system. ^[0]
46% of organizations don’t use AI at all for their operations while 50.1% report limited usage. ^[0]

Supply Chain Visibility Market Statistics

The factors that increased supply chain spending in 2018 are cutting costs (25%), SCM automation (25%), and market expansion (23.7%). ^[0]
Regardless of the pandemic, the global supply chain management market is set to grow at a CAGR of 11.2% from 2020 to 2027. ^[0]
The market share of transportation management systems worldwide is predicted to hit $4.8 billion before the end of 2025. ^[0]
According to a supply chain market analysis, 19% of companies that roll out SCM initiatives leverage machine learning to boost forecast accuracy. ^[0]
A supply chain market report says that 63% of organizations have no tech systems in place for monitoring supply chain performance. ^[0]
The leading supply chain market constraints are containing cost increases (32%), facing global competition (28%), and adapting to customer expectations (27%). ^[0]
The global supply chain market size value is The global supply chain market is expected to experience aCAGR of 11.2%from 2020 to 2027. ^[1]
Here are some insights our research uncovered The global supply chain market is expected to experience a CAGR of 11.2% from 2020 to 2027. ^[1]
That’s an increase from a market value of $120.70 billion in 2021 to a predicted $261.89 billion in 2028. ^[1]
The Global Logistics Automation Market has the highest CAGR of any supply chain market, at a predicted rate of 12.4%. ^[1]
The global supply chain market is expected to experience a CAGR of 11.2% from 2020 to 2027. ^[2]
That’s an increase from a market value of $120.70 billion in 2021 to a predicted $261.89 billion in 2028. ^[2]
The Global Logistics Automation Market has the highest CAGR of any supply chain market, at a predicted rate of 12.4%. ^[2]
By 2019, 75% of large manufacturers will update their operations using IoT implementations and analytics to accelerate the time to market and mitigate risk. ^[3]
They applied the broadest range of measures, with 60 percent of healthcare respondents saying they had regionalized their supply chains and 33 percent having moved production closer to end markets. ^[4]

Supply Chain Visibility Software Statistics

By 2025, the average spending for employees for SCM software will likely be at $8.08. ^[0]
However, of those who do track inventory, the most common method is inventory throughaccountingsoftware like Quickbooks, at 24% of smallbusinessowners. ^[1]
However, of those who do track inventory, the most common method is inventory through accounting software like Quickbooks, at 24% of small business owners. ^[2]
Of those in the supply chain management industry, 45.1% said that they were investing in warehouse management software and that automation was a key feature. ^[2]
IDC estimates that by 2020, 50% of all business software will incorporate some cognitive computing functions. ^[5]

Supply Chain Visibility Latest Statistics

57% of companies believe that supply chain management gives them a competitive edge that enables them to further develop their business. ^[0]
A majority of industry professionals (70%). ^[0]
These were followed by data and analytics (6.6%), customer service (4%), adding new talent (4%), eCommerce (2.6%), directtoconsumer sales (2.6%). ^[0]
65% of executives in the logistics, transportation, and supply chain sectors report changes in industry processes. ^[0]
30% of supply chain professionals say that a quick response to customer mandates is a top business priority. ^[0]
32% of global retailers stated that they underwent little disruption. ^[0]
Only 12% of retailers worldwide reported heavy disruption due to the pandemic. ^[0]
64% of retailers were challenged to adapt their supply chain for ecommerce. ^[0]
28% tried to find alternative sourcing options. ^[0]
28% underwent shortages and outof. ^[0]
Proof of this is the fact that 69% of companies do not have total visibility over their supply chains. ^[0]
Only 22% of companies have a proactive supply chain network. ^[0]
62% of companies have limited visibility of their supply chain and 15% only have visibility on production. ^[0]
Meanwhile, 6% report full visibility, and 17% say they have extended supply chain visibility. ^[0]
The most common KPIs used for supply chain monitoring include daily performance (40%), cost reduction (35%), production service rate (29%), inventory turn (28%), and production time (27%). ^[0]
Other factors used are lead time (27%), return rate (25%), and ROA (22%). ^[0]
Pre Pandemic Disruptors Supply chain disruptions can cause significant negative losses in terms of finances (62%), logistics (54%), and reputation (54%). ^[0]
( The types of events that can lead to supply chain disruptions are mergers and acquisitions (66%), extreme weather (41%), factory fire (37%), and business sales (33%). ^[0]
The top causes of supply chain disruption in the US are unplanned IT outages (68%), adverse weather (62%), loss of talent (51%), cyber attacks (50%), and fire (44%). ^[0]
30% of companies don’t analyze the source of supply chain disruptions. ^[0]
This is a 14% increase over the number of 2019 supply chain disruptors which was 3,700. ^[0]
52% of 2020 disruptors in the first nine months of the year led to a “war room” situation. ^[0]
Only 39% of 2019 disruptions resulted in a “war room” situation. ^[0]
The first nine months of 2020 recorded a 13 percentage point increase. ^[0]
Transportation and logistics activities currently account for 12% of the global GDP. ^[0]
74% of supply chain companies utilize 4 or 5 transportation methods. ^[0]
Shippers can minimize freight invoice payments by 90 95% if they utilize a transportation management system. ^[0]
Using transportation management tools can yield an 8% saving on freight costs. ^[0]
Only 35% of shipping companies utilize transportation management systems for their overall SCM strategies. ^[0]
The Plans of Executives to Enhance Resilience in Transportation and Logistics in 2020 53% of executives plan to dual source raw materials. ^[0]
47% of executives plan to increase the inventory of critical products. ^[0]
40% plan the nearshoring and expansion of their supplier base. ^[0]
38% plan to regionalize the supply chain. ^[0]
30% plan to reduce the number of SKUs in their product portfolios. ^[0]
27% plan to have higher inventory along the supply chain. ^[0]
27% plan to backup production sites. ^[0]
15% plan to nearshore their own productions. ^[0]
15% plan to increase the number of their distribution centers. ^[0]
The most important inventory management practices are forecasting (61.3%), warehouse management (50%), logistics (46.8%). ^[0]
These are closely followed by training data scientists (21%), returns management (21%), and data interchange technology (17.7%). ^[0]
In addition, some prioritize investing in sensor technology (12.9%), training retail staff in eCommerce (11.3%), retooling DCs (9.7%), and refitting stores to have warehouse capabilities (3.2%). ^[0]
46% of small businesses use don’t track their inventory or don’t have an automated method to track it. ^[0]
Only 18% of SMBs utilize inventory management systems. ^[0]
25% more manufacturers are investing in more advanced warehouse management in 2017 than in 2016. ^[0]
36% of supply chain professionals say that one of the top drivers of their analytics initiative is the optimization of inventory management to balance supply and demand. ^[0]
The estimated value for outof stock items is $1.14 trillion. ^[0]
The estimated value of global inventory distortion among mass merchants and grocery retailers in 2020 is $176.7 billion for overstock and $568.7 billion for outof. ^[0]
Inventory Management Strategies to Take Post COVID 19.6% plan to have more inventory. ^[0]
26.9% will keep inventory levels the same but will be changing supplier base. ^[0]
19.2% will keep the same inventory levels but keep the same suppliers. ^[0]
21.6% are unsure which inventory management direction. ^[0]
12.7% of business leaders that inventory management planning is not applicable in their organizations. ^[0]
The technologies that are becoming a priority in the supply chain industry are data analysis (41%), IoT (39%), cloud computing (39%), and info security (31%). ^[0]
In addition, there are also those interested in predictive analytics (29%), apps (25%), 3D printing (22%), robotics (22%), drones (20%), mobile production units (19%), blockchain (18%), and cognitive robotics (17%). ^[0]
50% of companies believe that technological advancements have a strong impact on the supply chain, logistics, and transportation operations. ^[0]
40.7% of modern companies believe that data analytics will be one of the key technologies for supply chain management in the next two years. ^[0]
28% of supply chain leaders say that analyzing data from multiple systems for SCM is a key benefit of advanced analytics. ^[0]
81% of supply chain managers report that data analytics will be crucial when it comes to reducing costs. ^[0]
75% of large manufacturers are looking to update supply chain operations using IoT and analytics based situational awareness before the end of 2019. ^[0]
Only 4% of companies leverage artificial intelligence extensively for their supply chain management efforts. ^[0]
Experts predict that 50% of manufacturing supply chains will be able to make directto consumption shipments and home delivery by 2020. ^[0]
50.6% of organizations use warehouse robotics for SCM. ^[0]
AR and VR investments for supply chain management jumped from 8% in 2017 to 23% in 2018. ^[0]
Pick rate productivity can increase by up to 50% if you use pickto. ^[0]
46% of supply chain professionals still reply on excel spreadsheets for their operations. ^[0]
The biggest barriers to tech implementation are cost (48%), ROI calculations 40%), and knowing where to start (35%). ^[0]
In addition, there are those who have problems with finding the right supplier (11%) and dealing with potential interruption to current services (10%). ^[0]
In 2018, the biggest challenges in supply chain management are visibility (21.1%), fluctuating consumer demand (19.7%), and inventory management (13.2%). ^[0]
Some also noted coordinating across sales channels (11.8%), finding talent (9.2%), and keeping up with tech (6.6%). ^[0]
Meanwhile, the sourcing (5.3%), ensuring an ethical supply chain (5.3%), manufacturing (4%), and data management (1.3%). ^[0]
24.7% of professionals report that the biggest supply chain management challenge for B2C eCommerce companies is delivery costs. ^[0]
Retail Supply Chain Executives Willing to Invest in the Following Areas in 2021 58.6% want to increase investment in omnichannel fulfillment. ^[0]
55.73% productive planning and demand forecasting. ^[0]
52.87% want to enable flexible operations. ^[0]
48.52% want to improve inventory management. ^[0]
40.02% want to invest in real time supply chain visibility. ^[0]
40.02% want to improve integrated operational planning. ^[0]
37.15% want to invest more in systems to automate risk identification and issue resolution. ^[0]
31.52% want to invest in production and distribution automation. ^[0]
include daily performance (40%), cost reduction (35%), production service rate (29%), inventory turn (28%) and production time (27%). ^[6]
Other factors used are lead time (27%), return rate (25%) and ROA (22%). ^[6]
Only22%of companies have a proactive supply chain network. ^[6]
62%of companies have limited visibility of their supply chain and 15% only has visibility on production Meanwhile,6%report full visibility and 17% say they have extended supply chain visibility. ^[6]
Themost common KPIsused for supply chain monitoring include daily performance (40%), cost reduction (35%), production service rate (29%), inventory turn (28%) and production time (27%). ^[6]
Other factors used are lead time (27%), return rate (25%) and ROA (22%). ^[6]
Characteristic 2017 2018 Inventory management 14.5% 13.2%. ^[7]
Coordinating operations across multiple sales channels 14.5% 11.8%. ^[7]
Fluctuating consumer demand 13.3% 19.7% Visibility 12% 21.1% Risk allocation* 7.2% Keeping pace with technology 7.2% 6.6% Data management 3.6% 1.3% Data governance* 3.6% Manufacturing 3.6% 4% Sourcing 3.6% 5.3%. ^[7]
Ensuring an ethical supply chain 2.4% 5.3%. ^[7]
This means that 64% of retailers did not already have a plan for eCommerce!. ^[8]
46% of supply chain professionals still rely on excel spreadsheets for their operations Are we in 2021 or 1995?. ^[8]
Working in the supply chain industry, I learned from prospect calls that many companies do not have full visibility, however, 69% was surprisingly high!. ^[8]
58.6% of retail supply chain executives want to increase investment in omnichannel fulfillment. ^[8]
79% of companies with high performing supply chains achieve revenue growth above average within their industries. ^[8]
Well, according to our extensive research Only6% of companies report full visibility on their supply chain.69% of companies do not have total visibility. ^[1]
Only 38.8% of U.S. small businessesexperienced supply chain delays due to the COVID. ^[1]
Here are the facts Reducing supply chain costs from 9% to 4% can double profits. ^[1]
This is especially true for Industrial Suppliers, where the average supply chain cost is 13.2%, while the best companies have managed to optimize this number to 7.9%. ^[1]
Supply chains have a huge impact on company 57% of companies believe that supply chain management gives them a competitive edge. ^[1]
And 70% believed that supply chains are a keydriverfor qualitycustomer service. ^[1]
And 70% believed that supply chains are a key Supply chains provide higher company growth through a wider selection of customized, reliable, sustainable, and delivered as rapidly as possible products. ^[1]
These factors play a key role in growth, and here’s how much demand rose from each factor wider selection (71%), customized (76%), reliable (73%), sustainable (69%), and rapid delivery (76%). ^[1]
The Transportation Management System is expected to have a CAGR of 11.7% from 2021 to 2028. ^[1]
However, this size is expected to experience a CAGR of 12.4%, meaning it may grow to $82.3 billion by 2026. ^[1]
According to our research Only 22% of companies have a proactive supply chain network. ^[1]
43% of small businesses don’t track their inventory. ^[1]
And 21% report that they “don’t have inventory.”. ^[1]
67.4% of supply chain managers use Excel spreadsheets as a management tool. ^[1]
And this number only rises with experience, as around half of new investors use it, while over 75% of late majority managers do. ^[1]
On average, U.S. retail operations have a supply chain accuracy of only 63%. ^[1]
For example, 34% of businesses have shipped an order late due to selling a product that wasn’t in stock. ^[1]
Due to the COVID19 pandemic, the estimated value for outof stock items in 2020 was $1.14 trillion. ^[1]
Globally, 12% of retailers reported heavy supply chain disruptions due to COVID. ^[1]
This is a surprisingly low number, as 32% of global retailers reported that they experienced little disruption. ^[1]
However, maintaining stock items was a much bigger issue, as 28% of respondents underwent shortages and outof stocks and tried to find alternative sourcing options. ^[1]
Between 2019 2020, overall supply chain disruptions increased by 14%. ^[1]
Supply chain disruptions can cause a massive 62% loss in finances. ^[1]
And other aspects of business that can be hit hard by supply chain disruptions includelogisticsand reputation, which see an average 54% hit. ^[1]
supply chain disruptions include The #1 cause of global supply chain disruptions is mergers and acquisitions at 66%. ^[1]
And other common causes of supply chain disruption include extreme weather (41%), factory fire (37%), and business sales (33%). ^[1]
The #1 cause of U.S. supply chain disruptions is unplanned IT outages at 68%. ^[1]
And other common causes of supply chain disruption include adverse weather (62%), loss of talent (51%), cyber attacks (50%), and fire (44%). ^[1]
Supply chain disruptions can causefinancelosses of 62%, and reducing supply chain costs from 9% to 4% can double profits. ^[1]
After all, 43% of small businesses don’t even track their inventory. ^[1]
It’s expected to grow with a CAGR of 11.2% from 2020 to 2027, despite the COVID 19 pandemic throwing a wrench in the industry. ^[1]
In addition, the Transportation Management System industry is worth $120.7 billion and is expected to see a CAGR of 11.7%, bringing its value up to $261.89 billion in 2028. ^[1]
Its CAGR is even higher than these other two industries’ at 12.4%, likely growing from $50.9 billion in 2020 to $82.3 billion in 2026. ^[1]
This issue is exacerbated by the fact that just 22% of companies have a proactive supply chain, which means just 22% of companies can shift to meet supply and demand changes before they cause too many problems. ^[1]
Furthermore, 43% of small businesses don’t track their inventory, which makes it difficult, if not impossible, to accurately serve their customers. ^[1]
57% of companies believe that supply chain management gives them a competitive edge, and they’re right. ^[1]
Something as simple as reducing supply chain costs from 9% to 4% has the potential to double profits. ^[1]
Only 6% of companies report full visibility on their supply chain, while 43% of small businesses don’t track their inventory. ^[1]
This can lead to more supply chain disruptions, costing a massive 62% hit to finances. ^[1]
92% of supply chain survey respondents said they could not 100% trust the data coming in from their supply chains. ^[9]
99% of pharmaceutical respondents were still using some sort of manual process to achieve supply chain visibility. ^[9]
Full Visibility 87% of pharma company respondents don’t have 100% visibility into the condition of products in their supply chain. ^[9]
McKinsey & Co. says that 93 percent of procurement and supply leaders are examining their supply chains and looking for ways to increase the resilience of those critical networks. ^[10]
According to Quickbase’s recentSupply Chain Resiliency Survey, companies are reacting to unexpected changes in the supply chain on a weekly (43%) and daily (36%). ^[10]
The Transportation Management System is expected to have a CAGR of 11.7% from 2021 to 2028. ^[2]
However, this size is expected to experience a CAGR of 12.4%, meaning it may grow to $82.3 billion by 2026. ^[2]
Only 22% of companies have a proactive supply chain network. ^[2]
43% of small businesses don’t track their inventory. ^[2]
And 21% report that they “don’t have inventory.”. ^[2]
67.4% of supply chain managers use Excel spreadsheets as a management tool. ^[2]
And this number only rises with experience, as around half of new investors use it, while over 75% of late majority managers do. ^[2]
On average, U.S. retail operations have a supply chain accuracy of only 63%. ^[2]
For example, 34% of businesses have shipped an order late due to selling a product that wasn’t in stock. ^[2]
Due to the COVID19 pandemic, the estimated value for outof stock items in 2020 was $1.14 trillion. ^[2]
Globally, 12% of retailers reported heavy supply chain disruptions due to COVID. ^[2]
This is a surprisingly low number, as 32% of global retailers reported that they experienced little disruption. ^[2]
However, maintaining stock items was a much bigger issue, as 28% of respondents underwent shortages and outof stocks and tried to find alternative sourcing options. ^[2]
Between 2019 2020, overall supply chain disruptions increased by 14%. ^[2]
Supply chain disruptions can cause a massive 62% loss in finances. ^[2]
And other aspects of business that can be hit hard by supply chain disruptions include logistics and reputation, which see an average 54% hit. ^[2]
The #1 cause of global supply chain disruptions is mergers and acquisitions at 66%. ^[2]
And other common causes of supply chain disruption include extreme weather (41%), factory fire (37%), and business sales (33%). ^[2]
The #1 cause of U.S. supply chain disruptions is unplanned IT outages at 68%. ^[2]
And other common causes of supply chain disruption include adverse weather (62%), loss of talent (51%), cyber attacks (50%), and fire (44%). ^[2]
It is estimated that the supply chain management industry will reach a valuation of $8.95 billion by 2024. ^[2]
58.6% of retail supply chain executives wanted to invest more in omnichannel fulfillment, s a result of supply chain disruption. ^[2]
42% of supply management organizations stated that increased cost to supply management due to the Covid 19 pandemic was one of their top concerns of 2021. ^[2]
43% of those in the same survey listed limited availability of raw materials or supply as a top concern. ^[2]
According to Gartner, only 1 in 5 companies is in what it considers to be the advanced stages of digital supply chain implementation. ^[3]
Nearly two thirds (63%). ^[3]
Only 4% of organizations are using AI in their supply chain. ^[3]
81% of supply chain professionals say analytics will be important in reducing landed costs. ^[3]
81% of supply chain professionals say analytics will be important in reducing landed costs . ^[3]
84% of supply chain professionals believe that big data and analytics will be “disruptive and important” to supply chain strategy. ^[3]
By 2020, onethird of manufacturing supply chains will have analytics powered cognitive capabilities — improving cost efficiency by 10%. ^[3]
21% of supply chain professionals say that visibility is their biggest organizational challenge. ^[3]
That number increased dramatically from 2017, when only 12% suggested visibility was a big challenge. ^[3]
82% of supply chain professionals say analytics are needed to improve the visibility of the supply chain across the enterprise. ^[3]
77% of supply chain professionals see social media as an important indicator of real time customer feedback. ^[3]
55% of supply chain professionals believe that data from social media can help to forecast top. ^[3]
24.7% of supply chain professionals say that delivery costs are the biggest challenge for B2C e. ^[3]
Eyefortransport 24.7% of supply chain professionals say that delivery costs are the biggest challenge for B2C e commerce companies . ^[3]
30% of supply chain leaders feel they must respond to consumer demand for faster, more accurate and new types of delivery. ^[3]
Further, while approximately 20% of all supply chain data is structured and can be easily analyzed, 80% of supply chain data is unstructured or dark data. ^[5]
Lenovo uses IBM Sterling Supply Chain Insights with Watson Shrinks its average response time to supply chain disruptions from days to minutes up to 90% faster than before. ^[5]
Geek+ placed sixty robots into Asda’s West Yorkshire distribution center, sorting around 2,000 parcels each hour with a remarkable 99.99% accuracy. ^[11]
While they’re still pretty expensive, Forbes estimates that by 2030, owning an electric freight truck could be 50% cheaper than if you were to own a diesel truck. ^[11]
Recent BofA statistics show that chief executives mentioned the issue of supply chain glitches 412% more in 2021 than in 2020 — despite the fact that 2020 was itself marred by widespread, COVID induced layoffs and mass disruption more generally. ^[11]
The report stated that 49% of Supply Chain Leaders (the top 12 % of respondents). ^[12]
Also, more than twothirds of Leaders report seamless collaboration with ManufacturingAXL3.7% Real time data is also essential to maintain visibility across the supply chain. ^[12]
Fashion is a $2.5 trillion industry, producing 10% of global carbon emissions, 20% of global wastewater, and vast biodiversity loss. ^[13]
In fact, 83% of supply chain professionals said that ethics are extremely (53%) or very important (30%). ^[13]
According to recent research 69% of surveyed companies are eliminating discrimination in the workplace. ^[13]
63% are making efforts to uphold environmental responsibility 57% are monitoring labor conditions. ^[13]
56% are fighting corruption 55% are deploying environmentally. ^[13]
When we surveyed senior supply chain executives from across industries and geographies, 93 percent of respondents told us that they intended to make their supply chains far more flexible, agile, and resilient. ^[4]
By this year, an overwhelming majority said that they had done so. ^[4]
By contrast, only 22 percent of automotive, aerospace, and defense players had regionalized production, even though more than three quarters of them prioritized this approach in their answers to the 2020 survey. ^[4]
Almost 90 percent of respondents told us that they expect to pursue some degree of regionalization during the next three years. ^[4]
For the first time, most respondents say they have formal supplychain risk. ^[4]
A further 59 percent of companies say they have adopted new supplychain risk management practices over the past 12 months. ^[4]
A small minority set up a new risk management function from scratch, but most respondents say they have strengthened existing capabilities. ^[4]
But only 2 percent can make the same claim about suppliers in the third tier and beyond. ^[4]
Broadly, respondents to our survey believe they managed that transition well, with 58 percent reporting good supplychain planning performance over the past year. ^[4]
The remaining 42 percent of respondents told us that remote working had led to delays in supply. ^[4]
Compared with organizations that reported problems, successful companies were 2.5 times more likely to report they had preexisting advanced. ^[4]
Of the companies that had difficulties managing their supply chains during the crisis, 71 percent say they are ramping up their use of advanced analytics. ^[4]
With the sole exception of the healthcare sector, more than 50 percent of respondents in every industry say they have implemented additional analytics approaches during the past 12 months. ^[4]
In commodities, for example, 75 percent of companies are currently increasing their use, with the remaining 25 percent saying they plan to do so in the future. ^[4]
While automotive and commodity players were reluctant to commit to additional investments amid the uncertainty of early 2020, for example, 100 percent of the respondents in those sectors eventually did so. ^[4]
For example, since May 2020, 30 percent of respondents had implemented new digital performancemanagement systems an important enabler of supply. ^[4]
Nevertheless, despite the prevalence and impact of supply chain shocks over the past two years, only 39 percent of companies are investing in tools to monitor risks and disruptions. ^[4]
In our 2020 survey, only 10 percent of companies said they had sufficient in. ^[4]
And by this year, that figure had dropped dramatically, to only 1 percent. ^[4]
Only 23% of businesses have a credible mapping system, because of this, many are susceptible to supply chain disruptions. ^[14]
The most common sources of supply chain disruptions are Cyber attacks and data breaches (61%). ^[14]
Unplanned IT outage (44%) Loss of talent (21%). ^[14]
70% of industry professionals say that an effective supply chain creates better customer service. ^[14]
With 95% of the 1,000+ supply chain professionals who took part in a global survey stating that their business would improve their efforts towards their supply chain. ^[14]
41.9% of businesses surveyed experienced between 1 to 5 supply chain incidents, that ultimately, led to a significant disruption. ^[14]
The most alarming figure however, is that 22.6% of businesses surveyed were unaware of supply chain incidents that may have cause significant disruptions within their operations. ^[14]
Over the last 12 months, the largest impacts and consequences arising from supply chain disruptions are Loss of Productivity (50.3%). ^[14]
Increase in Cost of Working (39.9%). ^[14]
Businesses with optimal supply chains have 15% lower supply chain costs, less than 50% of the inventory holdings, and cashto cash cycles at least three times faster than those not focused on supply chain optimization. ^[14]
73% of 300 supply chain professionals experienced pressure to improve and expand their business’ delivery capabilities. ^[14]
Additionally, 55% faced expectation to process and deliver goods faster, with 44% believing that this is the hardest challenge to meet. ^[14]
In 2019, we were able to help our clients achieve 50% reduction in inventory. ^[14]
75% reduction of supplier launch management. ^[14]
Up to 30% cost savings on material costs. ^[14]
If the variability of the SKU is greater than 50% of the mean, call it HIGH VARIABILITY. ^[15]
In this example 96% of SKU volume = High Volume & 28% of SKU Volume = High Variability, and 4% of SKU volume = Low Volume & 72% of SKU Volume = Low Variability, and 86% of SKUs =. ^[15]
High Variability & 14% of SKUs =. ^[15]
Low Variability, and 41% of SKUs =. ^[15]
High Volume & 59% of SKUs =. ^[15]
In 2018, logistics spending for temperaturecontrolled pharmaceuticals was $15 billion, and it’s projected to outpace overall pharmaceutical spending at a rate of 8%, as opposed to the 2% rate for noncold. ^[16]
Projections for 2020 show that of the $1.31 trillion of total pharmaceutical sales, 28% of those sales are cold chain. ^[16]
Statistics from the World Health Organization and the Parenteral Drug Association reveal that 25% of vaccines are shipped incorrectly and reach their destination damaged. ^[16]
20% of temperature sensitive products are damaged during shipment due to temperature excursions. ^[16]
Pharmaceutical organizations spend an average 6% of revenue on logistics. ^[16]

I know you want to use Supply Chain Visibility Software, thus we made this list of best Supply Chain Visibility Software. We also wrote about how to learn Supply Chain Visibility Software and how to install Supply Chain Visibility Software. Recently we wrote how to uninstall Supply Chain Visibility Software for newbie users. Don’t forgot to check latest Supply Chain Visibility statistics of 2024.

Reference

financesonline – https://financesonline.com/supply-chain-statistics/.
zippia – https://www.zippia.com/advice/supply-chain-statistics/.
procurementtactics – https://procurementtactics.com/supply-chain-statistics/.
ealchemylabs – https://ealchemylabs.com/blog/top-supply-chain-statistics.
mckinsey – https://www.mckinsey.com/business-functions/operations/our-insights/how-covid-19-is-reshaping-supply-chains.
ibm – https://www.ibm.com/topics/supply-chain-analytics.
blueridgeglobal – https://resources.blueridgeglobal.com/6-statistics-that-prove-supply-chain-visibility-matters/.
statista – https://www.statista.com/statistics/829634/biggest-challenges-supply-chain/.
deposco – https://deposco.com/blog/13-shocking-supply-chain-statistics-you-wont-believe/.
parkoursc – https://www.parkoursc.com/infographic-the-state-of-supply-chain-visibility-report/.
supplychaindive – https://www.supplychaindive.com/spons/the-importance-of-supply-chain-visibility/611212/.
here – https://360.here.com/supply-chain-trends-2024.
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How Useful is Supply Chain Visibility

Supply chain visibility refers to the ability of businesses to have real-time insight into the movement of goods, inventory levels, and production status throughout the entire supply chain. This level of transparency enables businesses to make more informed decisions, optimize transportation routes, and respond quickly to disruptions or changes in demand.

One of the key benefits of supply chain visibility is improved operational efficiency. By having a clear understanding of the flow of goods through the supply chain, businesses can identify bottlenecks, reduce lead times, and minimize waste. This, in turn, helps reduce costs and improve overall profitability.

In addition to operational efficiency, supply chain visibility can also lead to better risk management. By having real-time insight into the status of inventory levels and production schedules, businesses can anticipate and mitigate potential disruptions such as supplier delays, natural disasters, or geopolitical events. This proactive approach to risk management can help businesses better protect their supply chains and ensure continuity of operations.

Supply chain visibility can also help businesses enhance customer satisfaction. In today’s fast-paced and highly competitive market, consumers expect quick and accurate fulfillment of their orders. By having visibility into the supply chain, businesses can provide more accurate delivery estimates, track shipments in real-time, and quickly address any issues that may arise. This can lead to higher customer satisfaction and loyalty, ultimately driving revenue growth for the business.

Furthermore, supply chain visibility can enable businesses to make more strategic decisions. By analyzing supply chain data and trends, businesses can identify opportunities for process improvements, product innovations, and market expansion. This level of insight can help businesses stay ahead of the competition and adapt to changing market dynamics.

Overall, supply chain visibility is a critical tool for businesses to operate efficiently, manage risks, enhance customer satisfaction, and drive strategic growth. In today’s complex and fast-paced business environment, businesses that invest in supply chain visibility will be better equipped to navigate the challenges and seize the opportunities that come their way. Ultimately, the ability to see and understand the entire supply chain will be a key differentiator for businesses looking to stay competitive and thrive in the digital age.

In Conclusion

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Supply Chain Visibility Statistics 2024 – Everything You Need to Know