The market report reveals the rising importance of real-time visibility as essential for shippers, forwarders, and 3PLs to differentiate themselves from their competitors and deliver on customer expectations.
Over half of the respondents to the survey believe that data sharing and collaboration are critical to the health of their supply chain operations.
Clients now expect more cooperation and greater visibility from their vendors, irrespective of their position in the supply chain”
— Krenar Komoni, Founder & CEO of Tive
BOSTON, MA, UNITED STATES, July 11, 2022 /EINPresswire.com/ -- BOSTON, MA – July 11, 2022 – Tive, the technology leader in the new era of supply chain and logistics visibility, reveals how 80% of shippers are demanding greater connectivity, visibility and collaboration throughout their supply chains.
Tive surveyed 250 businesses including
The market report highlights how supply chain visibility has risen in business criticality, with its express need spilling over from the business-to-consumer (B2C) segment into business-to-business (B2B) transactions.
“Clients now expect more cooperation and greater visibility from their vendors, irrespective of their position in the supply chain,” said Krenar Komoni, Founder & CEO of Tive.
“Real-time visibility has become a true customer service differentiator and no longer a ‘good-to-have,’” he added.
Tive questioned participants on the blind spots in their supply chains and their primary means of tracking cargo. The responses revealed significant technological deficits and differences between the expectations of real-time visibility and the reality of business operations for many.
Collaboration and data sharing were other cornerstones of the research. Although these aspects of the supply chain are widely discussed in industry intercourses, businesses are still divided between "not a priority" and "very critical" — “Apparently, the lack of technology awareness is still a significant contributor to the overall visibility problem," said Charlie Pesti, Founder and CEO of CHARLIE PESTI.
The industry operates in two different time zones, real-time and “near-time.” The research uncovered why there is such a difference between the two and got crucial insights into how important real-time tracking and tracing capabilities are for shippers.
“In the past couple of years, real-time visibility has become a common phrase in the supply chain world, and it still has a long way to go in achieving its full potential - we’re just getting started,” said Krenar Komoni, Founder & CEO of Tive
“Technology adoption in a complicated and highly fragmented logistics industry takes time, and it is encouraging to see companies waking up to the need for real-time or, at least near-time visibility — most often the first step to initiating change,” said Brian Aoaeh, Early-Stage VC at REFASHIOND Ventures.
Download Tive’s full market report: https://www.tive.com/content/supply-chain-visibility-2022-market-survey-report
ABOUT TIVE
Tive is a leading provider of real-time supply chain visibility insights that help logistics professionals actively manage their in-transit shipments' location and condition. With Tive, shippers, carriers, and logistics service providers (LSPs) eliminate delays, damage, and shipment failures. Tive's solution provides data generated by its industry-leading trackers allowing clients to actively optimize their shipments, improve their customers' experience, and unlock supply chain insights in an actionable real-time manner. For more information, visit www.tive.com.
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