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HOME > GLOBAL REPORT > Retail

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

Published by GlobalData
Category Others
Date 2016-07-01
Page 36
Price

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.

 

Scope

  • 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

 

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