KPMG survey shows increase in CEOs supply chain resilience

KPMG has released survey results which showed that manufacturing CEOs are dedicated to creating a resilient supply chain & create value for shareholders

According to KPMG, manufacturing executives are feeling the implications of the pandemic and climate change. From findings in the Global Manufacturing Prospects 2022 report, execs are increasingly focusing on smart digitisation and ESG goals.


Maintaining a secure supply chain with an ESG focus and creating value for shareholders 

The findings of the Global Manufacturing Prospects 2022 report are based on 

A global survey of 150 CEOs of manufacturing companies based in Europe, North America and the Asia-Pacific, say they have learned two main lessons because of the pandemic: 

  • A resilient supply chain is of the utmost importance
  • The need to invest in new technologies will strengthen resilience and avoid business disruptions

Results from the Global Manufacturing Prospects 2022 report showed:

  • 68% of CEOs say they will ensure their supply chain is resilient, in preparation the next big global disruption 
  • 77% agreed they felt a ‘stronger emotional connection to the purpose of their company’ since the pandemic started
  • 67% said that the main objective for their organisation was creating value for shareholders 
  • 31% said ESG improves financial performance
  • 54% claimed the impact of ESG had a neutral neutral effect on their business
  • 92% said that the greatest impact on customer relationships was in ‘conveying a sense of purpose’ 
  • 71% recognise the global challenges caused or amplified by the pandemic, such as income equality and climate change, as the biggest threat to long-term growth


Manufacturing executives are creating a ‘habitable planet’ with digital transformation

It’s evident that manufacturing executives are anticipating future trends (as well as disasters) and are embracing digital transformation, while building resilience.

“The need for resilience is forcing companies to be more agile and make better decisions faster,” said Grant McDonald, Global Sector Leader, Aerospace & Defence at KPMG International. “Digitisation plays a vital contribution to this.” 

“Manufacturers should now focus on a twin transformation: intelligent digitisation and ambitious ESG goal-setting,” said Stéphane Souchet, Global Head of Industrial Manufacturing at KPMG International. “If they are executed effectively, they are likely to reinforce each other to create a more competitive enterprise and a more habitable planet.”

Share

Featured Articles

John Shier, Senior Security Advisor at Sophos, on ransomware

John Shier is the Senior Security Advisor at Sophos. Here, he discusses ransomware and the results of Sophos’ ‘State of Ransomware in Manufacturing’ report

How technology has improved Health & Safety in manufacturing

Johann Cilliers, Group Marketing Director at Welding Alloys, explains how technology has improved Health & Safety in the manufacturing industry

Nick Dinges, Replique CTO, explores additive manufacturing

Replique’s CTO Nick Dinges shares his knowledge on 3D printing, how localised production can help supply chains & what the manufacturing sector wants

Hanwha to spend US$2.5bn on US solar manufacturing

Technology

Hexagon invests in Divergent Technologies digital factories

Digital Factory

India’s smart manufacturing electric vehicle future

Smart Manufacturing