PUNE, India, July 15, 2016 /PRNewswire/ --
According to 2016 Global Executives Survey: Latest Factors Driving Change in Global Supply Chains market, globally, majority of companies across regions are looking to introduce a 'next generation' approach such as supply chains that are fast, flexible, and responsive. Transportation costs, and long transit times or frequent delays are major challenges for companies operating international supply chains. Stronger ties with clients and suppliers, and greater access to suppliers and manufacturers are major advantages of a free-trade agreement for organizations. Additionally, to investigate the reliability of foreign suppliers organizations across regions prefer to physically visit suppliers.
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They are also aiming to seek out new suppliers rather than reduce them to support capacity expansion and supply chain improvement. FMCG organizations believe that it is important to keep local production and incorporate a certain level of local ingredients in products that are sold in different countries.
Key Findings: The report focus on supply chains market global expansion is more within organizations operating in Asia-Pacific compared to those with business operations in other regions. Except North America, the majority of FMCG organizations who operate in other geographical regions indicate presence in more than five countries. Regardless of region, the majority of executives indicated physically visiting the supplier to research the reliability of foreign suppliers. Stronger ties with clients and suppliers, and greater access to suppliers and manufacturers are major advantages of a free-trade agreement for organizations. Over two-thirds of supply chains market executives highlight that it is important to use a certain level of local ingredients in products that are sold in different countries. The majority of companies across regions are looking to introduce a 'next generation' approach such as supply chains that are fast, flexible, and responsive.
Global Executives Survey: Latest Factors Driving Change in Global Supply Chains Market Survey examines executives' opinion on key actions used for analyzing the credibility of foreign suppliers, country wise supply chain presence, and major challenges for supply chain. Organizations can analyze the impact of trade agreements and economic unions on a company's performance, and assess the major advantages and disadvantages of free-trade agreements for organizations. Additionally, it examines the significance of local production and use of local ingredients and also identifies future focus areas for FMCG organizations.
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What else does this report offer?
Geographical reach of supply chains market: provides information about whether the company's supply chain operates across multiple countries
Key actions to analyse the credibility of foreign suppliers : provides information about steps taken to assess the credibility of foreign suppliers
Major challenges for supply chain: analyses major obstacles for the supply chain
Impact of trade agreements and economic unions on a company's performance: identifies the effect of trade agreements and economic unions on a company's performance
Main advantages of free-trade agreement for organization: provides information about the major benefits of free-trade agreements for organizations
Major drawbacks of free-trade agreement for organizations: examines major demerits of free-trade agreements for organizations
Level of importance associated with incorporation of a certain level of local ingredients: determines level of significance resulting from using specific quantities of local ingredients
Level of significance resulting from local production: analyzes level of importance associated with local production
Organization's focus areas: provides information about activities planned by organizations for the future
Another research titled Opportunities and Threats to the FMCG Industry in 2021: A Global Executives Survey says managing rising ingredient costs and the costs of complying with legislative changes will be key to success for FMCG companies over the next five years. Concerns surrounding lifestyle diseases and pollution are increasing among consumers, which stands as an opportunity for companies to maneuver their product positioning strategies for 2021. Furthermore, the majority of executives agree that fresh, natural, and pure marketing claims will remain tried and tested methods for attracting customers. Read more at http://marketreportsstore.com/opportunities-and-threats-to-the-fmcg-industry-in-2021-a-global-executives-survey .
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