CPOs report a slowing of discretionary spending, capital investment, and expansion plans, but the Services sector is driving these numbers the most.
According to a recent CAPS Research survey of Fortune 600 CPOs, 42% of companies are changing their forecasts due to declining demand, resulting from the pandemic.
As a result of the COVID-19 pandemic, companies are increasing material inventory across the board, led by the manufacturing sector at 55%.
Assessing sub-tier suppliers
In a recent survey, "Responding to the COVID-19 Pandemic," 75% of CPOs say they're assessing sub-tier suppliers - a drastic increase over last year's data.
Travel Bans and Revenue
Are the U.S.-imposed travel bans impacting your company's revenue? CAPS surveyed 74 CPOs of Fortune 600 companies, and we're sharing results broken down by sector.
Travel Bans, Suppliers, and Employees
In a survey of 74 CPOs, we explored the disruptions that U.S.-imposed travel bans are causing for Fortune 600 companies.
CAPS News - March 2020
We hope you all stay healthy in this shift to a mainly digital work environment. Participate in upcoming surveys, like the COVID - 19 one out now.
SM's Adoption of New Tech
Supply management organizations are increasingly adopting new technology to adapt to current business needs, boost efficiency, and increase cost savings.
Centers of Excellence
69% of the companies we surveyed have or plan to have a center of excellence in the next two years