We’ve all witnessed the transformative power of technology. However, AI represents a leap forward unlike anything we've seen before. Its potential to revolutionize how we forecast demand, manage inventory, automate warehouses and optimize deliveries is unprecedented. Yet despite this promise, many retailers are still hesitating at the starting line.
The progress of AI adoption in retail supply chains presents a mixed picture. While about 90% of large businesses have experimented with AI in their supply chains, only a third have a strategic vision for its integration. More concerning, merely 25% of leaders report seeing tangible returns on their AI investments so far.
This disparity between experimentation and strategic implementation underscores a critical point: dabbling in AI is not enough. To truly harness its power, retailers need a comprehensive, long-term strategy that aligns AI initiatives with core business objectives.