PR Newswire
NEW YORK, Nov. 14, 2023
NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Resilience in supply chains remains vital but may prove too expensive for many firms, according to a new S&P Global Market Intelligence report released today. The newly published 2024 Supply Chain Outlook: Delivering resilience in adversity is part of S&P Global Market Intelligence's Big Picture 2024 Outlook Report series.
In the new report, S&P Global Market Intelligence's supply chain analysts highlighted the continuing need to build supply chain resilience in 2024 is clashing with reduced corporate profitability. Firms may rely on technology investments and organizational upgrades rather than conservative inventory strategies or diversification of sourcing.
"Global supply chains won't have any respite from a decade of disruptions in 2024, making resilience-building more vital than ever. However, falling profitability and rising interest rates have meant costly just-in-case inventory strategies and multi-sourcing approaches are not in favor, though reshoring is. The good news is that technology investments and organizational enhancements can help build resilience," said Chris Rogers, Head of Supply Chain Research at S&P Global Market Intelligence.
Key highlights from the report include:
To request a copy of the 2024 Supply Chain Outlook: Delivering resilience in adversity report, please contact [email protected].
S&P Global Market Intelligence's opinions, quotes, and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendation to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security.
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S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence.
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SOURCE S&P Global Market Intelligence
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