Supply Chain Survey Says…
To gain a better understanding of the opportunities and challenges surrounding the U.S. supply chain, we asked attendees from last month’s Trade and Supply Chain Summit to share their views on:
- The state of the U.S. supply chain,
- What is impeding investment in infrastructure, and
- What opportunities or benefits could result from investing in the supply chain.
Sounding Off…here’s what they had to say:
State of the Supply Chain
Not a single respondent indicated that the supply chain was robust, reliable and ready to respond to economic growth. Most felt that the supply chain would be able to keep up with growth but needed investment. Seven respondents felt that the supply chain was unable to keep up with growth and needed improvement.
Supply Chain Needs
Echoing the sentiment of the day, nearly all respondents told us that the chief impediment to a healthier level of investment in infrastructure and a healthier supply chain is public policy and public funding. About half also indicated that private funding was needed.
Jobs creation was the chief benefit listed from increasing supply chain investment. Reduced cost of transportation/shipping followed, with meeting market demand the third reason listed.
What Do You Think? Do you agree or disagree?
Visit http://www.surveymonkey.com/s/BNSFSummit to weigh in on these questions. We welcome your thoughts!