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PwC survey and report: How to Transform Your Supply Chain

September 21, 2020 / Oliver Freeman
SHARESHARESHARE

PWC are known for their industry-leading insights and surveys; most recently, they’ve conducted a “global digital operations survey” which was designed to find out how manufacturers’ supply chains have been transforming in a constantly evolving marketplace. They found that the majority of companies, since COVID-19, have been working on increased supply chain visibility; flexibility and agility; resilience and cost control, and, of course, harnessing the growing benefits of digitisation across global supply chain networks. According to PWC’s report, 77% of UK digital champions within Industrial Manufacturing have implemented solutions to gain visibility across their end-to-end supply chain. They all recognise that it is an absolute imperative, and should be prioritised above most other aspects; in contrast, the global respondents are lagging behind with only 62% having implemented solutions. Why’s this important? Because of the benefits, of course. By investing some cash into your supply chain visibility you’re far more likely to find better prices for products, increasing revenue on profit margins, and experience overall better supply chain performance ─ it’ll be far more efficient. This is demonstrated by PWC’s finding that “almost two-thirds of UK companies (39%) achieve an on-time in-full delivery performance of [more than] 90% vs 84% of digital champions.” According to the global results of the survey, 81% of digital champions have successfully achieved external collaboration or end-to-end orchestration, and 14% of the have “moved to a more advanced stage in the planning space”, with synchronised closed-loop planning spreading across their entire value chain. Globally, 36% have managed this, while the UK only has 26% of companies featuring external collaboration and end-to-end orchestration across their supply chains. In fact, in the United Kingdom, it isn’t even seen as a priority ─ only one in five companies see it as one, and one-third of UK companies have no intention of implementing end-to-end supply chain planning or manufacturing execution systems, regardless of their status.