Due to Covid-19 - 67% of Supply Chain Professionals will Heavily Invest in New Technologies

Due to the pandemic, global supply chains will be different from how they worked for decades. We are all navigating around and through the COVID-19 situation.

To understand the impact of this pandemic, a survey was conducted by Shipping and Freight Resource with over 300 Shipping and Freight Professionals across the world responding.

59.2% of responders indicated their operations were significantly affected by Covid-19.

A large number of comments on the survey point to the overall adaptability of the industry and that we can expect a renewed surge in the demand for technology solutions, with 67.6% of the survey takers indicating they will invest in technology.

 A whopping 42% of survey takers said they would change their shipping and supply chain strategy based on their experience with the Coronavirus pandemic, 29% said they may change their strategy, and 29% said they would not. Survey takers expressed they would invest in technology (67%), employees (33%), assets (26%), acquisitions (13%), and other aspects (12%) as part of their recovery efforts post the pandemic.

“Logistics still needs to undergo a technological transformation, and COVID-19 might be that long-needed catalyst for change. We are here to assist the supply chain services marketplace with a broad range of supply chain services, technology operational enhancements, and crucial working capital,” said SecurCapital CEO, Steve Russell.