Navigating Supply Challenges: Seagull Software's New Insights
Addressing Supply Chain Challenges with Seagull Software
Seagull Software, a leader in developing advanced label management and visibility solutions, has released an insightful report that addresses the pressing issues impacting global supply chains today. The report, titled Resilience in Uncertainty: Navigating Geopolitical Risks and Data Quality in Supply Chains, draws from comprehensive research involving nearly 200 supply chain leaders from various sectors, including transportation, industrial manufacturing, retail, and consumer packaged goods.
The Current Landscape of Supply Chain Issues
In this age of global disruption, our understanding of supply chains has transformed. The challenges identified in the report underscore the significance of labor shortages and tariffs, which have been highlighted as the main concerns affecting organizations. An alarming 75% of participants in the study shared their experiences of considerable disruption due to geopolitical events, including trade disputes and regional conflicts.
Data Quality as a Cornerstone
According to Jeff Hart, CEO of Seagull Software, the value of high-quality data cannot be overstated. He emphasizes, “Data quality isn’t just a ‘nice to have’—it’s the foundation of accurate, reliable information about a product’s journey.” The need for transparency in supply chains is critical, as organizations must comply with increasing regulatory demands while providing customers with clear visibility into the logistics of their products.
Key Findings of the Report
The report provides several crucial insights that supply chain leaders should consider:
- 60% of organizations plan to boost investments in data quality and traceability technologies.
- Many respondents view consumer demands for transparency as a significant factor influencing their data quality strategies.
- A mere 23% of businesses have fully operational item-level traceability systems.
- The most significant hurdles to achieving data quality include inconsistent supplier data (47%), errors stemming from manual data entries (42%), and outdated fragmented systems (39%).
The Impact of Tariffs on Readiness
Experts, like Bart De Muynck from Bart De Muynck Strategic Advisors, noted the mixed reactions strategies companies adopt in response to tariffs: “You have some people reacting in anticipation of tariffs while others are considerably more passive, thus creating disparities in preparedness.” This mixture of strategies presents a complex landscape for organizations aiming to navigate these turbulent waters.
Technology's Evolving Role in Supply Chains
The report emphasizes how emerging technologies such as RFID, AI-powered automation, and SaaS platforms can assist companies in modernizing their operations. Not only do these technologies address emerging ESG requirements, but they also fulfill customs and digital product passport (DPP) mandates, further transforming supply chain management.
Call to Action for Supply Chain Innovators
Seagull Software encourages supply chain leaders, technology partners, and regulators to actively engage in conversations regarding best practices for enhancing supply chain resilience. Their report offers valuable recommendations for building robust and transparent systems capable of withstanding global uncertainties.
Frequently Asked Questions
What is the focus of Seagull Software's latest report?
The report explores geopolitical risks, the importance of data quality, and their impact on global supply chains.
Why is data quality essential in supply chains?
Data quality ensures that organizations have accurate information for compliance, risk mitigation, and operational efficiency.
What are some key findings from the report?
Key findings include significant planned investments in data quality technologies and the challenges posed by inconsistent data and manual entry errors.
How do tariffs influence supply chain readiness?
Tariffs create a varied response among companies, leading to differences in their preparedness for potential disruptions.
What technologies aid in modernizing supply chains?
Technologies such as RFID, AI automation, and SaaS platforms play critical roles in enhancing traceability and compliance in supply chains.
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