IHS Markit is a London-based analysis and information agency, now a part of S&P International. IHS’s new “Provide Chain Survey Report 2022” (PDF) addresses the outcomes of its annual question of worldwide provide chain executives. This yr’s survey acquired 903 responses from individuals in 85 international locations throughout 36 industries.

In line with the report, “Spend administration” — ie, controlling provide chain prices in uncooked supplies, commodities, and logistics — is a high precedence of organizations worldwide, as is “Class administration,” which incorporates forecasting and provider evaluation.

The survey requested executives about their total provide chain challenges in 2022.

Correct and dependable information is important for optimized provide chains. However entry to well timed and easy data is among the largest hurdles for survey respondents.

A June 2022 Bloomberg article addressed the standing of worldwide provide chains and their impact on US shopper costs. The article cited information from the Federal Reserve Financial institution of San Francisco, which said provide restrictions (made worse by Russia’s struggle in Ukraine) are accountable for practically half of the rise within the US inflation fee.

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