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Supply chain survey – more than 85% of sourcing under duress

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A survey of supply chain professionals found that one-third were highly likely to diversify their sourcing in the near future with the vast majority finding their current strategy under duress.

A survey of over 300 supply chain professionals by Centresource and consultant Charlie Pesti found respondents sourcing strategies under stress as shipping copes with capacity and equipment issues brought on by sharp fluctuations in demand since the onset of the Covid-19 pandemic.

In a report in the survey entitled The State of The Freight 2021 over 85% of respondents said that their sourcing strategy was under duress. Some 23% had already diversified their sourcing over the last year and a further 33% said that they were “highly likely” to so in the future.

A lack of visibility of the supply chain was a major issue with 42% of the respondents saying that they had negligible or inadequate visibility into their first-tier customer or vendor's operations. This lack of visibility was cited by 20% respondents in the survey as their reason for seeking technological solutions.

On the collaboration front, the survey found that 89.8% of respondents already were, or were likely to increase their collaboration with other supply chain stakeholders.

“The State of The Freight 2021 is the first such report to categorize and detail the seismic shifts that are taking place in response to global volatility,” said Amir Rashad, CEO & Founder of Centersource.

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