FOTP Procurement/Supply Chain Pulse – Nearly 170 Respondents in Procurement and Supply Chain Function Provided Their Feedback!
What has been measured:
Business Performance over the last 12 months
Expected Business performance over the next 12 months
Confidence in “Perfect Order Fulfillment”
Workload compared to 12 months ago
Strategic and Tactical priorities for the Procurement & Supply Chain Professionals
Rich insights from the open text comments to illustrate specific challenges that Procurement & Supply Chain Professionals are facing
STRONG COLLABORATION in trading relationships (customer-supplier) is critical for the effective management of the issues that are continuing to arise in the post-Covid and post-Brexit worlds.
Only 28% of survey respondents were “very confident” in being able to fulfil orders:
- Disruptive events of the past 19 months have taken their toll on companies’ ability to fulfil orders.
- Whilst a number of businesses are striving to fulfil 92-98% of customer orders, an overall rating of 73.4 for “perfect order fulfilment” clearly indicates that there is room for improvement.
Top 3 strategic priorities:
- Building a more resilient supply chain
- Changing consumer demand and expectations
- Resource and workforce management
Top 3 tactical priorities:
- Shortage of drivers
- Material price volatility
- Freight costs
Anticipated challenges for the next 5 years:
- Staff/Skills Shortage
- Managing Costs/Prices
- Dealing with the Continued Impact of Brexit
“The supply chain sector has an aging workforce, staff shortages and a skills’ shortage.”
“One of the biggest issues is a shortage of skilled and motivated labour in the supply chain.”
“Our focus for the foreseeable [future] is getting to grips with a volatile market, plus the issues of climate change.”
“The next 5 years will be trying to return to where we were before Brexit and Covid both changed the world.”