Companies that are starting to view partners as more of a “network” than a “chain” are finding other significant benefits. As companies step up investment in innovation, whether in search of "breakthrough" R&D or incremental improvements to existing products and services, they are increasingly looking to their supply network for ideas: 51 percent of our survey respondents say partnerships, rather than in-house efforts, will characterize the future of innovation.
Companies are recalibrating their supply chains as they seek to capitalize on opportunities and respond to challenges. A majority (57 percent) of survey respondents say that optimizing inventory, transportation, logistics, and other operational costs is central to achieving operational priorities. For large companies (US $5 billion and over) in particular, demand-driven planning (cited by 41 percent) and integrated business planning (36 percent) figure among their top strategies for supply-chain optimization.