Reporting levels between the CEO & CPO

A recent survey indicates that most CPOs (65%) are more than one reporting level away from the C-suite. With supply disruptions, supplier risk, and cost inflation critically impacting the performance of many companies, why are only 12% of CPOs reporting directly to the C-suite?
Profile of a Chief Procurement Officer is available to CAPS members in the CAPS Library now.
Supply management professionals from member and non-member companies can participate in benchmarking surveys and get metric reports in return.