72% of companies use 3rd party tools to monitor supplier financial risk. The pandemic may drive this even higher.
Hurdles to Remote Work
Among many hurdles of remote work, 56% of respondents are unable to hold face-to-face negotiations with suppliers due to the pandemic.
CPOs report a slowing of discretionary spending, capital investment, and expansion plans, but the Services sector is driving these numbers the most.
According to a recent CAPS Research survey of Fortune 600 CPOs, 42% of companies are changing their forecasts due to declining demand, resulting from the pandemic.
As a result of the COVID-19 pandemic, companies are increasing material inventory across the board, led by the manufacturing sector at 55%.
Assessing sub-tier suppliers
In a recent survey, "Responding to the COVID-19 Pandemic," 75% of CPOs say they're assessing sub-tier suppliers - a drastic increase over last year's data.
Travel Bans and Revenue
Are the U.S.-imposed travel bans impacting your company's revenue? CAPS surveyed 74 CPOs of Fortune 600 companies, and we're sharing results broken down by sector.
Travel Bans, Suppliers, and Employees
In a survey of 74 CPOs, we explored the disruptions that U.S.-imposed travel bans are causing for Fortune 600 companies.
SM's Adoption of New Tech
Supply management organizations are increasingly adopting new technology to adapt to current business needs, boost efficiency, and increase cost savings.