• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • Login
  • Subscribe
  • Logout
  • My Profile

  • CORONAVIRUS
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • REGIONS
    • Asia Pacific
    • Canada
    • China
    • Europe
    • Latin America
    • Middle East/Africa
    • North America
  • THINK TANK
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » Talent Management, Digital Readiness Among Most Significant Blind Spots, Business Leaders Say

Talent Management, Digital Readiness Among Most Significant Blind Spots, Business Leaders Say

December 18, 2013
Boston Consulting Group

More than 1,000 senior executives across varying regions and sectors assessed how important 15 business challenges are for their companies and how prepared they feel their companies are to address those challenges. BCG conducted the survey as part of the firm's 50th anniversary Game Changing program, a year-long effort to highlight the most pressing issues facing business leaders.

"This survey gave us an opportunity to hear directly from business leaders about how they view the requirements for success in a fast-changing, global economy," says Patrick Ducasse, a senior partner at BCG. "Growth, fitness, adaptability, connectivity, stewardship - these are the things that separate the winners from the losers. It is clear from our survey that a significant proportion of top executives are not prepared for the biggest challenges."
Among the major findings:

--  Talent management is the biggest blind spot. Respondents identified talent management as the most significant pain point, representing the largest gap between importance and preparedness. Overall, 76 percent of leaders ranked this challenge as important, while only 18 percent felt prepared for it.

--  Consumer and retail industries feel least prepared for the digital revolution. This area showed the highest gap between importance and preparedness as compared to other industries. Nevertheless, they rated leveraging customer data (70 percent) and supply-chain excellence (66 percent) as most important, thus underscoring the need for understanding customers and monitoring and controlling the interdependencies of increasingly complex international supply chains.

--  Priorities differ significantly by region. U.S. executives ranked growth in existing markets as their top priority, while European executives focused on making operations more flexible and efficient. Leaders from the BRIC and Asia-Pacific regions ranked both as equally important, with executives from the latter stressing growth in new markets as a point for expansion.

--  Small and mid-sized companies are better prepared to adapt. When questioned on adaptability, leaders of large companies indicated that they feel less prepared (17 percent felt prepared). Small companies seem to have an edge over enhancing the skills needed to read the signals of change and to act upon them in time (22 percent felt prepared). Moreover, the preparedness to be adaptive and efficient surfaced as a vital measure of performance, representing the largest difference between below- market and above-market performers.

--  North American leaders are more confident about tackling challenges surrounding long-term values. Regarding the 15 business challenges presented, leaders from the United States and Canada felt most prepared for addressing long-term values (57 percent) when compared with leaders from Europe (41 percent), the BRIC nations (45 percent), and the Asia-Pacific region (31 percent).

"If companies are to take advantage of the growth opportunities around the world, then they need to develop the requirements for success," says Ducasse.

Source: Boston Consulting Group

RELATED CONTENT

RELATED VIDEOS

Business Strategy Alignment Global Supply Chain Management Quality & Metrics HR & Labor Management
KEYWORDS Boston Consulting Group Business Strategy Alignment Global Supply Chain Management HR & Labor Management logistics & supply chain Operational Excellence Quality & Metrics Supply Chain Analysis & Consulting Supply Chain Management Supply Chain Management: Business Strategy Alignment Supply chain talent supply chain training
  • Related Articles

    Study Finds Blind Spots in Go-to-Market Strategies, Including in Supply Chain for Marketing Materials

    Most Companies 'Flying Blind' Without Timely Access to Info on Global Customers, Suppliers, Forecasts or Finances

    Procurement, Business Leaders Spar Over Who Knows Supply Management Better

Boston Consulting Group

Business Execs Expect More Tough Times, But Aren't Taking Tough Actions

More from this author

Wake up to Coronavirus Updates and the latest Supply Chain News!

Subscribe to our Daily Newsletter

Timely, incisive articles delivered directly to your inbox.

Popular Stories

  • Coronavirus-watch-Armada

    Virus Update: Australia Won’t Buy J&J Vaccine; India Approves Russia’s Sputnik V Vaccine as Cases Soar

    Coronavirus
  • Shipping Costs

    Higher Shipping Costs Are Here to Stay, Sparking Price Increases

    Coronavirus
  • Semiconductor

    Why Shortages of a $1 Chip Sparked a Global Economic Crisis

    Coronavirus
  • Indoor Farm

    Vertical Farming: A Solution to Waste and Inefficiency in the Food Supply Chain?

    Sustainability & Corporate Social Responsibility
  • Robotic automation

    The Impact of Robotics on Supply Chain 2.0

    Coronavirus

Digital Edition

Scb feb 2021 lg

2021 Supply Chain Management Resource Guide

VIEW THE LATEST ISSUE

Case Studies

  • Remote Implementation: A Dose of the Right Medicine for B2B Pharmacy

  • LSP Saves Customer $1.5 Million a Year With MPO Global Inbound Management

  • Auto Supplier Wows Key Client Using riskmethods Supply Chain Savvy

  • Integrating Shipping and Compliance Saves Conglomerate Millions

  • How a Consumer Goods Giant Upped Its On-Time Delivery Performance

Visit Our Sponsors

Yang Ming 6 River Systems ArcBest
Armada aThingz BluJay
Burris Logistics DSC Logistics DCSA (Digital Container Shipping Association)
DHL Resilience360 Flash Global Genpact
Geodis GEP GreyOrange
Honeywell Corporate Honeywell Intelligrated Infor
Inmar Kibo Commerce Kinaxis
Logility Magnitude Software MPO
Old Dominion Oliver Wight OpenSky
Paccurate Ports America Purolator
QAD Precision Red Classic Riskmethods
S&H Systems Snapfulfil TGW Systems
Tradepoint Atlantic Transportation Insights Watson Land Company
Westfalia Technologies Workjam
  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • Webinars
  • Digital Offerings
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • Newsletters
  • Resources
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
    • 100 Great Partners Form
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us
    • Data Sharing Opt-Out

All content copyright ©2021 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing