More than 40% of senior manufacturing executives reported that a supply chain disruption had impacted on their business in the last year, a survey has found.
GT Nexus’s State of the Global Supply Chain report said despite these disruptions 76% of the 250 senior manufacturing executives polled did not have a chief supply chain officer in place to help orchestrate the response. Some 41% had no plans to hire one.
Almost four in 10 respondents did not believe technology would impact on their supply chain this year, a figure GT Nexus said “may suggest a lack of knowledge regarding the impact technology-based systems can have on mitigating supply chain disruption”.
And while 64% of respondents used inventory management, far fewer expected to be affected by technologies that the report claimed could give them an edge in their supply chain.
Only 13% expected analytics to affect the supply chain. Even fewer expected the Internet of Things (11%) or radio frequency identification (3%) to impact on their supply chain.
Greg Kefer, VP corporate marketing at GT Nexus, said: “The data suggests their [respondents] execution roadmap may be misguided, being focused more on cost cutting, for example, than more mission critical things like having a senior supply chain leader in place.
“Seventy six per cent of respondents said they currently operate without a chief supply chain officer. With almost half of manufacturers reporting a disruption that impacted business in the past 12 months, this gap in strategic direction to address broader supply chain agility is a concern.”