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Supply chain price concerns are rising, says survey
The number of finance directors who view price as their biggest supply chain challenge has risen this year, according to a new survey.
Published by consultancy firm 4C Associates, the CFO Survey 2013 found that price was viewed as the biggest risk by 65 per cent of respondents. This compares with 48 per cent in last year's inaugural report.
The survey, which includes the views of more than 40 senior finance leaders and was carried out among attendees of the Economist's CFO Summit in London last month, also discovered that organisational change is the area where most cost cutting efforts are being directed.
Commenting on the findings, managing director of 4C Associates Ed Ainsworth told Supply Management that companies are working with "tighter margins and less room for error".
He added: "The current climate further reinforces the need for businesses to implement effective risk analysis and cost transformation initiatives, if they are to remain successful."
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Categories: Procurement & Supply Chain