Verusen, an innovator in artificial intelligence, materials inventory and data management technology, announced today the results of its State of Supply Chain Inventory Management survey. The results from this inaugural research come at a pivotal time for enterprise supply chains, as they continue to act in response to the global coronavirus pandemic and the completely unforeseen impacts it has caused―for which the large majority of organizations were unprepared.
The survey showed that while a majority of organizations rated their supply chains’ maturity levels at “high” or “highest,” only 10 percent of them felt fully prepared for the coronavirus impacts. For most organizations, the impact from the pandemic has resulted in massive revenue losses along with employee layoffs and has now put the spotlight squarely on budgets along with the preservation of cash and working capital.
