26 Jul 2022 -
 General

Supply chains are greatest career challenge – New study

supply chain

84 percent of procurement leaders agree that dealing with supply chain disruptions has been their biggest career challenge to date, according to a new study of 233 senior procurement executives from U.S. and UK manufacturers.

The study commissioned by Ivalua found

  • The Supply Chain crisis is expected to continue: nearly half of procurement leaders (44%) expect the supply chain crisis to ease by the end of 2023.
  • 92% of procurement leaders say that avoiding supply chain disruption is in their top 3 priorities for this year.
  • 84% of businesses see modernising the manufacturing procurement and sourcing function as an organisational priority today.
  • Only 46 percent say they have a deep understanding of their suppliers’ capabilities and risks
  • Managing geographical disruptions to the supply chain has been a significant challenge. A full 89 percent of procurement leaders need to view supply chain data by geography, but only 73 percent can easily access it.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

Related News

17 Apr 2024 - General

India’s semiconductor sector riding wave of global demand

Read more

15 Apr 2024 - General

Taiwan chipmakers eye Japan as security, costs rise

Read more

15 Apr 2024 - General

Memory price hikes loom after Taiwan quake

Read more

11 Apr 2024 - General

Semiconductor sales maintain upward momentum

Read more

05 Apr 2024 - General

Intel shooting for gold in competition for global semiconductor production

Read more

04 Apr 2024 - General

Counterfeit chip threat surges, supply status irrelevant, says ERAI

Read more