A recent survey has highlighted that the logistics industry is poised for a significant transformation as technology reshapes the movement of goods across supply chains, driven by an ongoing economic slowdown.
Commissioned by Worldwide Chain Stores (WCS), a pioneering survey of 200 UK logistics professionals across various sectors indicates a clear shift towards businesses investing in technology to tackle the myriad of supply chain challenges they encounter. It also revealed a substantial embrace of automation technology within the warehousing and logistics industry, with 45% of respondents already using it to optimise their operations.
With predictability, efficiency, and flexibility being paramount, the survey shows that businesses are either implementing or planning to implement new technologies, with substantial investment in innovative technologies such as AI, automation, and machine learning high on the agenda for UK logistics professionals.
However, barriers to adoption persist, with nearly 80% of respondents citing budget constraints (29%), complexity in implementation (23%), and IT systems limitations due to legacy issues (21%). Despite these challenges, over two-thirds of respondents (67%) have either implemented or plan to implement AI technology in the coming year.
Joshila Makan, CEO of Worldwide Chain Stores, remarked: “As the logistics industry undergoes rapid transformation, technology has emerged as a key enabler of efficiency, transparency, and competitiveness.
“The findings of this survey underscore the immense potential of advanced solutions like AI, Automation, and Digital Twin technology to revolutionise logistics operations and drive growth. At WCS, we remain committed to empowering logistics professionals with innovative tools and strategies to navigate this transformative journey and unlock new opportunities for success.”
A white paper based on the survey results can be downloaded at wwchainstores.com/whitepaper-embracing-technological-advancements.
