Canadian Manufacturing

IPP&T: Investment in supply chain innovation to rise dramatically: report

Investment in supply innovation over the next two years is expected to rise dramatically, according to the 2022 MHI Annual Industry Report.

March 30, 2022   by Don Horne

Comparison of investment estimates in supply chain innovations over the next two years. Chart courtesy of MHI.

Nearly 80 per cent of supply chain leaders say their digital transformation has accelerated due to the pandemic, according to an industry report released today by MHI in collaboration with Deloitte.

As a result, investment in supply innovation over the next two years is expected to rise dramatically, according to the 2022 MHI Annual Industry Report, Evolution to Revolution: Building the Supply Chains of Tomorrow.

“Supply chain leaders have never been in a better position to drive impactful and lasting change for the industry,” said John Paxton, CEO of MHI. “With the white-hot media spotlight chronicling the after-effects of the pandemic, the importance of supply chain is finally coming into focus in boardrooms across the world.”

This article originally featured in IPP&T. Read the full version here.

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