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.
Centers of Excellence
69% of the companies we surveyed have or plan to have a center of excellence in the next two years
Supply Management Tariffs & Trade Wars
81% of companies report a moderate to significant impact on the business from tariffs & trade wars.
Supply Management ROI
Supply management return on investment (ROI) is a simple way to demonstrate the value of the function, calculated by dividing cost savings (reduction + avoidance) by supply management operating expenses.