The Growing Reliance on Traceability in Manufacturing Supply Chains
Bottom Line: The heightened priority on health & safety is leading to a renaissance of traceability in manufacturing across many industry sectors as every business strives to keep its employees, customers, and suppliers safe.
Manufacturers are racing to digitally transform their supply chains to gain needed insights to reduce risks to their employees, customers, partners, and the business itself. Acumen Research & Consulting, an advisory firm specializing in industry and vertical market research, predicts global demand for manufacturing traceability, including track and trace software, will soar through 2026. Acumen is forecasting spending on track and trace systems will reach $7.2B by 2026, achieving an 18% Compound Annual Growth Rate (CAGR).