11 January 2011 | Angeline Albert
Half of companies have a
supply chain chief on the board or plan to appoint one within the next two
Business research analyst Eyefortransport
found that 51 per cent of survey respondents said they either have a head of supply
chain in the top management team, or plan to have one.
Of these, a larger number
of survey respondents from Europe already have a head of supply chain at board
level compared with respondents from North America.
The majority (59 per cent)
of the 340 supply chain executives surveyed represented companies in the US or
Europe whose annual revenues exceeded $1 billion (£643 million).
The Global Chief Supply ChainOfficer Strategy Survey 2011 report found that overall, 65 per cent of supply chain officers said companies are not
recruiting supply chain staff. Meanwhile, 24 per cent said supply chain staff
levels are low.The majority, 77 per cent,
felt the value of supply chain as a source of real business value, rather than a
purely operational function, is recognised by their organisations.
Some 60 per cent said the
supply chain is considered important to overall business recovery in their
Respondents were also
asked to identify which projects were started in 2010. The five most popular
• supply chain visibility
• global sourcing and
• aligning supply
chain with business goals.
The report said: “The
importance of supply chain management excellence to the success of companies is
far from entrenched, yet there is clear evidence that best-in-class companies
are putting supply chain decisions at the top of management agendas, and
including supply chain executives in top management positions.”