REPORT: MORE THAN HALF OF COMPANIES LACK END-TO-END VISIBILITY INTO THEIR SUPPLY CHAINS
The majority of companies that lack end-to-end visibility into their supply chains instead rely on a picture of supply and demand that is based only on internal data from the company itself, according to the new research report from The Economist Intelligence Unit (EIU) research report.
Lacking proper visibility leaves many of these companies vulnerable to unexpected risks, the EIU concludes in the report titled “The Resilient Supply Chain Benchmark: Ready for Anything? Turbulence and the Resilience Imperative,” which was commissioned by the Association for Supply Chain Management.
Packed into the report are findings on how 308 publicly listed retail, pharmaceutical and consumer electronics companies have adopted resilience-building capabilities to manage real-time and longer-term risks, and how they have performed over the past year.
“While each industry faces unique supply chain dynamics, in a time of increased turbulence it has become critical to reconsider the balance between efficiency and resilience,” said ASCM CEO Abe Eshkenazi, CSCP, CPA, CAE. “The Resilient Supply Chain Benchmark provides both data and analysis to better understand the critical capabilities driving resilience, where the most common vulnerabilities lie, and how to strengthen operations for the future.”
Find the report here: www.ascm.org/eiu-benchmark