Tive State of Visibility 2023 Report
Tive State of Visibility 2023 Report
OF VISIBILITY
2023
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The State of Visibility 2023
SURVEY EXPOSES
MASSIVE GAP BETWEEN
DEMAND FOR REAL-TIME
SHIPMENT VISIBILITY &
TECHNOLOGY ADOPTION
BY SUPPLY CHAIN LEADERS
For years, reliability and efficiency were considered to be top
priorities for efficiently managing supply chains. The
COVID-19 pandemic flipped this script by exposing the
importance of supply chain resilience, leading to the World
Economic Forum (WEF) highlighting visibility and
traceability as key to achieving resilience in supply chains.
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The State of Visibility 2023
73% 25% 2%
Concerns
Apart from a lack of awareness of the benefits of data sharing and collaboration, companies may be
hesitant to share data due to several concerns:
Privacy issues
Cybersecurity threats
Potential liability
Loss of competitive advantage
Some also fear that collecting data and making it readily accessible to all stakeholders requires a
significant investment of time and staffing resources.
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The State of Visibility 2023
VISIBILITY
AS A SERVICE
Real-time, end-to-end supply chain visibility has become a must have for many supply chain
professionals, who also demand that their partners adopt that same approach. Our survey explored
the demand for real-time visibility among stakeholders, why they’re using it, and whether it OTIF is
an important part of their strategy.
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The State of Visibility 2023
Key Takeaway
Those who do not prioritize the “On Time, In Full” (OTIF) model usually are handling
cargoes that are not time sensitive or that don’t require real-time tracking—in other
words, that the load’s low value doesn’t justify the additional cost associated with
real-time tracking solutions.
87% 9% 4%
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The State of Visibility 2023
Key Takeaway
Expanded collaboration, improved data sharing, usage of suitable digital technologies, and adoption
of common data standards will go a long way in addressing these issues.
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The State of Visibility 2023
77% 23%
Nice to have
Must have
70% 27% 3%
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The State of Visibility 2023
Track 91-100% bit Track 61-90% bit Track 31-60% bit Track 11-30% bit
51% 23%
25% 75%
Yes No
Key Takeaway
Shippers and LSPs who don’t use a real-time visibility solution to track a shipment’s location and
condition instead rely on websites, emails, phone calls, and other assorted legacy software to track
the status of goods. These inconsistent and oftentimes outdated methods create risk for LSPs in the
form of decreased end-customer satisfaction—and, for the business development (sales) teams at
LSPs, barriers to winning new customer business.
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The State of Visibility 2023
ALERTS &
NOTIFICATIONS
A visibility solution that lacks real-time notifications fails to give stakeholders the actionable insights
needed to make timely, informed decisions.
Key Takeaway
While knowing when a
shipment has been delivered is
important, an alert or
notification doesn’t ensure that
the goods have arrived
safely—and is in top quality
condition. For example, with
refrigerated or light-sensitive
cargo, any deviations in
temperature settings, humidity,
or exposure to light could
severely compromise the
cargo.
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The State of Visibility 2023
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The State of Visibility 2023
Main Considerations
Key Takeaways
Timely alerts may mean various things to different parties—leading to different plans of action
depending on whether they are an LSP or a buyer/retailer. For instance, LSPs are duty bound to
advise their customers about alerts received and propose alternate solutions/recommendations in
dire situations—as well as how to handle any potential loss/claims. For buyers, it could mean they
make alternate arrangements for cargo, including placing rush orders if required—to ensure
sufficient inventory.
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The State of Visibility 2023
CURRENT VISIBILITY
SOLUTIONS & SUSTAINABILITY
While real-time visibility is widely
considered essential, successful
implementation relies on the cooperation
and collaboration of all parties involved in
the supply chain. Inadequate engagement
and collaboration among stakeholders
frequently results in delays and
unnecessary duplication—undermining
the effectiveness of real-time visibility
efforts. This was reflected in the survey
responses, with 47% of respondents
identifying stakeholder engagement as a
critical concern—and expressing a desire
to improve engagement using real-time
visibility solutions.
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The State of Visibility 2023
SUMMARY
This groundbreaking industry research provides valuable insights into survey respondents’
viewpoints—irrespective of their current level of use of real-time visibility solutions.
This research also exposes that a mere 25% of customers currently utilize IoT
trackers/devices for real-time shipment tracking—leaving 75% of industry participants
without suitable technology to oversee cargo in real time.
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The State of Visibility 2023
The survey underscores a robust demand for real-time visibility and IoT-based solutions within the
supply chain industry—but that a considerable gap in both adoption and utilization persists.
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CONTACT US
+1 617-631-8483
[email protected]
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Boston, MA 02129 USA