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Prologis Releases Inaugural Supply Chain Intelligence Report
PrologisPrologis(US:PLD) Prnewswireยท2024-10-01 16:00

Core Insights - The 2025 Prologis Global Supply Chain Outlook report highlights a growing executive focus on sustainability, automation, and AI as companies prepare for a 'polycrisis' involving economic instability, fluctuating customer demands, and climate challenges [1][2] Supply Chain Pressures - Two-thirds of executives (66%) report losing sleep over supply chain issues, indicating significant stress [2] - 86% of executives cite rising economic and geopolitical pressures influencing manufacturing and storage decisions [2] - 71% feel pressured to transition energy sources, while 70% struggle to identify optimal supply chain investment allocations [2] Sustainability Focus - 85% of executives view sustainability as a core business objective, recognizing it as a competitive edge [3] - Nearly 75% feel urgency to accelerate the shift to alternative energy sources, with 79% believing the transition pace is too slow [3] Automation in Supply Chains - Automation is seen as a key tool for streamlining operations, reducing costs, and boosting productivity [4] - 87% of executives agree that investing in automation will significantly minimize labor-related issues [4] Role of Artificial Intelligence - AI is crucial for proactive responses to economic and geopolitical pressures, aiding in demand forecasting and risk mitigation [5][6] - 80% of executives feel external pressure to adopt AI practices, yet 94% face challenges in implementation [6] Preparedness for Disruptions - 87% of executives prioritize preparing for unexpected 'black swan' events [7] - Only 42% feel adequately prepared for cybersecurity attacks, with similar low preparedness for other disruptions [7] Future Supply Chain Transformation - The report indicates that 81% of executives see AI and automation as essential for supply chain management [8] - Emerging technologies like cloud solutions and IoT-enabled monitoring are expected to enhance data management and logistics agility [8]