The above statement may seem like a no-brainer for those who speak supply chain; however, it was one of the top takeaways in the 8th annual “Global Survey of Supply Chain Progress” conducted by Supply Chain Management Review, The Eli Broad Graduate School of Management at Michigan State University and CSC, with assistance from The Council of Supply Chain Management Professionals (CSCMP) and Supply Chain Europe magazine.
The survey analyzed the responses of 164 international organizations in both the manufacturing and service industries. Its results showed that a strong supply chain contributed to organizations’ survival and success in the recent economic downturn. Organizations without a strong supply chain had greater difficulty controlling costs and accommodating price reduction requests from key customers.
The survey also looked at environmental sustainability initiatives. Almost half (49%) of the respondents were already implementing green practices, while 31% said they were in the process of evaluating their options. 20% were neither implementing nor evaluating. While many companies reported that they have yet to see significant savings from their sustainability initiatives, the study did find progress being made in this realm.