Nearly 80 percent of global executives surveyed by The McKinsey Quarterly say that the amount of supply chain risk faced by their companies has increased in the past five years. Few executives, however, say their companies translate the importance they place on risks such as increasing complexity of products and services, rising energy prices, or increasing financial volatility into corporate action. Nor do executives express confidence that their companies are meeting their top strategic goals: reducing costs, improving customer service, and getting products to market faster. Most companies tend to manage their supply chains centrally, not locally--a trend that has increased in recent years.
Source: McKinsey Quarterly, http://www.mckinseyquarterly.com
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