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.