As the economy begins to pull out of the recession, food retailers and wholesalers are showing a greater propensity to spend on technology, according to SN’s annual technology survey conducted last month.
The online survey of food retail and wholesale subscribers to SN and the SN daily newsletter, which forms the basis of this 16th annual State of the Industry Report on Supermarket Technology, indicates that more than half (54.4%) of the respondents plan to increase their IT budgets this year by up to 10%, and 62% overall expect to spend more on IT. That represents an uptick from last year’s survey, when about one-third (34%) said their IT budget would grow up to 10%, and 49% overall said it would increase.
The survey results also demonstrated the impact the recession had on IT spending last year. Almost half of respondents (46.8%) said they had undertaken moderate cutbacks in IT spending because of the recession. And a larger percentage of respondents (43%) said their 2009 budgets were 1% of sales or less than stated that last year (34%).
Click here to read "Bouncing Back," a complete analysis of the survey.
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