B2B Payments

Is The UK About To Have A Supply Chain Crisis?

According to at least one industry expert, the answer to that question is: yes.

A recent survey by Chartered Institute or Purchasing & Supply (CIPS) found that 80 percent of supply chain professionals in the nation cannot guarantee there is no malpractice in their supply chain.

In response to the report, David Noble, group CEO of CIPS, recently told Supply Management that if UK businesses are not careful, they could be could be “sleepwalking into another supply chain crisis.”

The CIPS report also found that 72 percent of 1,047 senior business decision makers and supply chain professionals surveyed said they have no visibility of their supply chains beyond the second tier.

Furthermore, 51 percent stated that the horse meat scandal has not led to supply chain risk being taken more seriously.

According to Noble, a ‘don’t ask, don’t tell’ pact on Britain’s supply chains has developed. No one along the supply chain has learned from the horse meat scandal, he said, and they “are content to remain ignorant of the malpractice that could be operating throughout their supply chains.”

Just last week, PYMNTS.com discussed a survey that the UK was experiencing skill shortages in the procurement and supply chain professions. Specifically, 55 percent of those surveyed said they expect to experience a deficit of professionals with the necessary expertise in the second half of the year.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

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