In a recent Anvyl survey, 73% of businesses said they were planning to scale into a new channel over the next 6-12 months. 71% were also looking to add more suppliers to their portfolio.
The problem? Many of these brands are already struggling to manage their supply chains, with 67% still using Excel to plan their inventory and 66% reporting existing overstocks.
“Folks are still facing a lot of difficulties when it comes to managing the first mile of their supply chain,” says Carissa Davis, Senior Customer Success Manager at Anvyl.