Global supply chain risk reached its highest level in 24 years as globalisation fell out of favour and risk increased across Western Europe, according to the CIPS Dun & Bradstreet Risk Index for the end of 2016.

Companies in developed markets are increasingly nearshoring production as the labour cost advantages of manufacturing in places such as China have eroded, according to a new report.

Procurement professionals can expect to see pay rises averaging 10 percent in 2017, according to a salary survey.

The U.K. government will help businesses collaborate to improve their supply chains as part of its proposed modern industrial strategy.