State of Supply Chain Report 2024

Report Participant Overview

144

responses

44^%

senior management & executive level

60/40

split between supplier and brand representation

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Discover Trends Impacting Your Supply Chain

The State of Supply Chain 2024 report covers key trends and challenges that all global supply chains are facing today. From technology to compliance, the report explores how companies are prioritizing these areas today to be successful in the future.

Technology

The impact and applications of new technologies on the supply chain.

Sustainability & innovation

How sustainability is prioritized today, and innovations in this space.

Challenges & risk mitigation

What obstacles companies are facing in their supply chains, and how executives are managing risk.

Market dynamics & consumer trends

The impact of market and consumer trends on supply chain management.

Budget & financial trends

How companies are investing their budgets to meet challenges in their supply chains.

Regulatory impact & compliance

How the regulatory environment is shaping supply chain management today.

Key Insights from the Report

Artificial intelligence is driving productivity increases

More than 80% of respondents indicated technology, specifically artificial intelligence in the supply chain, will make an impact on the efficiency and performance of their operations once adopted.

IT policies not caught up to technology advancements in AI

More than 20% of respondents indicated their IT policies are restrictive towards AI, preventing full adoption of the technology.

Consumer behavior a minor factor in supply chain management strategies

Only 14% of responses indicate consumer behaviors as driving their approach to the supply chain. However, changing regulatory requirements are having a major impact on strategies.

Risk management is the top priority for executives

More than 40% of reponses identified supply chain resilience and risk management as the key priority for executives that drives supply chain strategies.

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From The Report

“Business continuity planning has never been more critical. The recent global events have shown that having a versatile and non-overdependent supply chain isn't just beneficial; it's essential for survival.”

Karen Smith

Executive Vice President, Supply Chain, Carter’s

State of Supply Chain Methodology

The State of Supply Chain Report includes insights gathered through surveys and interviews. It includes analysis from Inspectorio’s team, and has gone through independent reviews with external stakeholders.

The survey was distributed through Inspectorio’s contact lists, which includes professionals across supply chain functions such as quality management, procurement, sourcing, compliance, and others. We received 144 responses to the survey, including managers, executives, individual contributors, and owners.

As part of the survey, respondents could indicate if they were willing to participate in an interview process. Each interviewee was asked the same set of questions, and responses were used to validate and contextualize the data collected through the survey.

Inspectorio’s internal supply chain experts conducted both a quantitative analysis of survey data, and a qualitative analysis of interview insights, to generate the State of Supply Chain 2024 report. Further validation of the insights gathered were conducted as part of a third-party review process with external stakeholders.