Technology

Getting Ahead, Literally and Digitally

A report details how major companies are investing in digital transformation.
By Rachel E. Pelovitz
September 29, 2022
Topics
Technology

Proactis has released its “eRecovery Report,” detailing how major companies are investing in digital transformation. With 90% of major U.S. businesses looking to expand operations or open up new trade opportunities overseas in the next five years, it will be critical for contractors to keep pace.

Findings include:

  • The top four reasons for digital transformation are to create efficiencies (23%), increase profitability (21%), improve compliance with regulation (19%) and cut costs (19%).
  • Those companies intending to increase overseas trade expect to grow revenue by an average of 22.3% over a five-year period.
  • Approximately one-quarter of major U.S. business leaders cited supply-chain disruption as a key barrier to achieving their goals in 2022, while 40% of businesses with supply-chain concerns have invested in software to tackle the issue.
  • U.S. businesses are set to invest $4.4 trillion in digital recovery following global disruptions.

To read the full report, visit tinyurl.com/3hrw5sew.

by Rachel E. Pelovitz

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