Most companies are grossly inadequate in their automation and staff support for global trade, according to a recently released study by The Aberdeen Group.
The report is based on benchmarks from more than 150 companies during May and June of 2006. The study examines areas marked for improvement and how companies are building plans for better managed supply chains.
On average, large companies reported that their global supply chains are only 50% as automated as their domestic supply chains.
Approximately 79% of large companies report a lack of supply chain process visibility is their top concern and over 90% of all enterprises report that their global supply chain technology is inadequate to provide finance with the timely information it requires for budget, cash flow planning and management.
According to the study, 64% of respondents say their company’s staffing for managing global supply chain and trade compliance processes is inadequate and 82% of companies are concerned about supply chain resilience. This action gap is one of the greatest weaknesses of current corporate global supply chain strategies, according to the study.
To read the entire report, go to: http://www.aberdeen.com/link/source.asp?cid=3028&pid=PR052306.