Business executives around the world continue to worry about market volatility and economic uncertainty, however most feel their companies are better prepared to handle these challenges than they were during the economic slowdown of 2008-09, according to new research from Capgemini Consulting.
The study, which surveyed 350 supply chain executives from leading companies across Europe, the US, Latin America and Asia-Pacific, found that:
- Familiar business challenges persist. Market volatility (52 percent) and the economic downturn (39 percent) are the biggest business challenges currently faced by respondents. Just 17 percent feel optimistic about the outlook for the economy in 2012.
- Leaders are focused on supply chains. Two-thirds (67 percent) of respondents said they have implemented measures to improve visibility and control within the supply chain, and 59 percent have taken steps to increase flexibility within supply chain operations. As Capgemini points out, companies that have taken these measures should expect to have a head start on their competitors in 2012 as they will be able to measure and adapt their supply chains more easily. (more…)