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Over Half of Companies Lack Clear Picture of Their Own Supply Chain, According to New Report from ASCM and the Economist Intelligence Unit multichannelmerchant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from multichannelmerchant.com Daily Mail and Mail on Sunday newspapers.
AdobeStock 232525041 Over half of the companies surveyed in a report produced by the Economist Intelligence Unit (EIU) reveal a lack of end-to-end visibility into their supply chains. The study, commissioned by the Association for Supply Chain Management (ASCM), says just over half of the companies benchmarked rely on their own internal data, and 37% of companies in the benchmark reported that their visibility was hampered by either internal siloes or was not data-driven at all. “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,” says ASCM CEO Abe Eshkenazi. “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.” ....
Over Half of Companies Lack Clear Picture of Their own Supply Chain, According to New Report from ASCM and the Economist Intelligence Unit Benchmark assesses supply chain resilience-building capabilities in U.S. Companies in Retail, Pharmaceutical and Consumer Electronics Sectors News provided by Share this article Share this article CHICAGO, Feb. 23, 2021 /PRNewswire/ Over half of companies lack end-to-end visibility into their supply chains because they rely on a picture of supply and demand that is based only on internal data from the company itself. This leaves many vulnerable to unexpected risks according to a new Economist Intelligence Unit (EIU) research report commissioned by The Association for Supply Chain Management (ASCM). The report The Resilient Supply Chain Benchmark: Ready for Anything? Turbulence and the Resilience Imperative presents findings on how 308 publicly-listed retail, pharmaceutical and consumer electronics companies have adopted ....