Global Executives Survey: Latest Factors Driving Change in Global Supply Chains

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Jul 18, 2016, 04:59 ET

LONDON, July 18, 2016 /PRNewswire/ -- Summary
Globally, the majority of FMCG organizations operate supply chains in multiple countries. However, transportation costs, and long transit times or frequent delays are major challenges for companies operating international supply chains. Stronger ties with clients and suppliers, and greater access to suppliers and manufacturers are major advantages of a free-trade agreement for organizations. Additionally, to investigate the reliability of foreign suppliers organizations across regions prefer to physically visit suppliers. They are also aiming to seek out new suppliers rather than reduce them to support capacity expansion and supply chain improvement. The majority of companies across regions are looking to introduce a 'next generation' approach such as supply chains that are fast, flexible, and responsive. FMCG organizations believe that it is important to keep local production and incorporate a certain level of local ingredients in products that are sold in different countries.

Key Findings
- Focus on global expansion is more within organizations operating in Asia-Pacific compared to those with business operations in other regions

- Except North America, the majority of FMCG organizations who operate in other geographical regions indicate presence in more than five countries

- Regardless of region, the majority of executives indicated physically visiting the supplier to research the reliability of foreign suppliers

- Transportation costs, and long transit times or frequent delays are major challenges for FMCG companies operating international supply chains

- Stronger ties with clients and suppliers, and greater access to suppliers and manufacturers are major advantages of a free-trade agreement for organizations

- Over two-thirds of executives highlight that it is important to use a certain level of local ingredients in products that are sold in different countries

- The majority of companies across regions are looking to introduce a 'next generation' approach such as supply chains that are fast, flexible, and responsive

Synopsis
Canadean's Global Executives Survey: Latest Factors Driving Change in Global Supply Chains Survey examines executives' opinion on key actions used for analyzing the credibility of foreign suppliers, country wise supply chain presence, and major challenges for supply chain. Organizations can analyze the impact of trade agreements and economic unions on a company's performance, and assess the major advantages and disadvantages of free-trade agreements for organizations. Additionally, it examines the significance of local production and use of local ingredients and also identifies future focus areas for FMCG organizations.

What else does this report offer?

- Geographical reach of supply chain: provides information about whether the company's supply chain operates across multiple countries

- Key actions to analyze the credibility of foreign suppliers : provides information about steps taken to assess the credibility of foreign suppliers

- Major challenges for supply chain: analyzes major obstacles for the supply chain

- Impact of trade agreements and economic unions on a company's performance: identifies the effect of trade agreements and economic unions on a company's performance

- Main advantages of free-trade agreement for organization: provides information about the major benefits of free-trade agreements for organizations

- Major drawbacks of free-trade agreement for organizations: examines major demerits of free-trade agreements for organizations

- Level of importance associated with incorporation of a certain level of local ingredients: determines level of significance resulting from using specific quantities of local ingredients

- Level of significance resulting from local production: analyzes level of importance associated with local production

- Organization's focus areas: provides information about activities planned by organizations for the future

Reasons To Buy
- Alter processes by knowing about steps taken to assess the credibility of foreign suppliers

- Strengthen supply chain by knowing about major challenges faced by organizations for supply chain

- Develop business expansion plans and alter strategy by utilizing main advantages of free-trade agreement indicated by organizations

- Modify objectives and focus areas by knowing about what organizations are planning to do in the future

- Formulate strategy on use of local ingredients and local production by analyzing the level of importance associated with them
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