Zebra Technologies Corporation (NASDAQ:ZBRA) Q1 2018 Earnings Conference Call Transcript
May 08, 2018 • 08:30 am ET
help our customers operate more efficiently and successfully navigate the challenges in their business. The pace of change is accelerating and businesses that intend to stay ahead of the curve need to invest in the type of solutions that Zebra provides.
Through our research, we estimate that 64% of manufacturers expect fully connected factories by 2022, an increase of more than 20 points, 97% of nurses and physicians will use mobile devices at the bed side by 2022, an increase of more than 30 points. 72% of retailers are planning to reinvent their supply chain through automation, sensors, and analytics over the next three years, and 70% of transportation and logistics field operations are increased in their IT budgets for mobility through 2020.
Let me further expand on transportational logistics. In April, at the MODEX trade show in Atlanta, we showcased solutions for the warehouse and field mobility. Our solutions resonated very well with our customers and partners. We understand that complex consumer needs and progress towards an on-demand economy are driving dramatic changes in the industry. Because of this our customers are looking to maximize their operational efficiency, achieve a connected supply chain and deliver flawlessly.
In order to execute successfully on these criteria, our customers must have superior visibility of assets, people, workflows and inventory throughout their supply chain to make smarter, more informed decisions and actions. For example, a leading European Express delivery specialist has made a significant investment in optimizing their last mile delivery process. They recently purchased our TC56 Android powered mobile computers to arm their drivers with tools to improve end user experience.
A customized suite of applications has been loaded on the device to improve navigation, parcel delivery, and connectivity to the company's centralized information system among other benefits. There are many similar success stories in each of the vertical markets that we serve and it is translating into strong sales results.
In closing, I want to thank the Zebra team for driving a strong quarter and enabling us to raise our outlook for the full year. And with that I'll hand the call back to Mike.
Thanks, Anders. We'll now open the call to Q&A. We ask that you limit yourself to one question and one follow-up, so that we can get to as many of you as possible.