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Proxima’s Supply Chain Barometer 2023 reveals key insights from UK and USA CEOs

Proxima Barometer

Proxima recently again surveyed 2000 CEOs across the UK and USA to identify the key insights that are front of mind for business leaders.

The 2023 Supply Chain Barometer shares vital insights on business decisions, concerns and priorities in relation to inflation and today’s global supply chain challenges.

The report reveals that supply chains are still front of mind for CEOs, with more than half (51%) saying they expect to spend more time on supply chain issues in the coming 12 months. More CEOs are also looking to bring supply chains closer to home.

The survey results suggest that complexity, cost and data is holding business back on decarbonisation. Nearly three in ten (28%) cite the complexity of the work involved as the biggest challenge, while for a quarter (25%), the costs are prohibitive.

Meanwhile, businesses are apprehensive about the potential for human or labour rights issues across their supply chain, with nearly seven in ten (69%) saying they are concerned.

The retail sector is the most preoccupied with close to eight in ten (79%) of CEOs reporting it was a key concern.

The prospect of job cuts in response to inflation is also worse than first feared with Proxima’s research demonstrating the extent to which job cuts have become a tool CEOs are being forced to utilise.

Find out more by downloading the full report.

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