Manufacturing & The Economy
Global manufacturers are putting their supply chains at the center of their business strategies to serve as the foundation for operational efficiency and collaborative innovation, according to KPMG's 4th annual Global Manufacturing Outlook — Competitive Advantage - Enhancing Supply Chain Networks for Efficiency and Innovation — which surveyed 335 C-level executives globally, including 95 in the U.S.
Ironically though, many manufacturing executives (49% globally; 54% U.S.) admit that their companies currently do not have visibility of their supply chain beyond Tier 1 suppliers. Moreover, only 9% of the 335 global respondents of the 2013 KPMG 2013 survey say they have complete visibility of their supply chains. That number is even lower among U.S. executives, with only 7% claiming complete supplier visibility.
"Obtaining real-time visibility across all tiers in the supply chain can significantly increase speed to market, reduce capital expenditures and manage risk," said Jeff Dobbs, Global Sector Chair, Diversified Industrials and a partner with KPMG in the U.S. "Moving toward a demand-driven supply chain is probably the single most important step a global manufacturer can take today."