A slight majority of U.S.-based manufacturers think their supply chains need major improvement, according to a survey conducted by German software giant SAP. Amid multiple geopolitical concerns including the war in Ukraine, more companies are boosting their nearshoring efforts. Despite this trend, the survey found that main disruptions — such as the supply of raw materials and rising fuel/energy costs — remain.
“The supply chain issues are costly and it isn’t all due to inflation,” SAP board member Scott Russell told CNBC. “The costs to be able to build that resilience are ultimately being borne by the consumer, who now needs to prioritize lower prices over quality.”
To offset rising supply chain costs, 50 percent of the surveyed companies said job cuts would be next, and 46 percent said they would increase their prices.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
