KPMG and ASCM Unveil Latest Supply Chain Stability Index
The KPMG Supply Chain Stability Index for 2023, in collaboration with ASCM, highlights improved stability but ongoing fragility. Factors like cross-border patrol closures and conflicts impacting commercial shipping are major challenges. Positive developments include greater nearshoring efforts and the comeback of just-in-time inventory strategies. The importance of talent, resilience, and technology in navigating supply chain complexities is emphasized. Supply Chain Digital covers key insights and upcoming events in the industry.
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Frequently Asked Questions - KPMG and ASCM Supply Chain Stability Index
Frequently Asked Questions
1. What is the KPMG Supply Chain Stability Index?
Answer: The KPMG Supply Chain Stability Index is a tool developed by KPMG in association with the Association for Supply Chain Management (ASCM). It uses data analytics and machine learning to analyze past trends and predict future shifts in supply chain stability. It acts as a barometer for the global supply chain community and helps supply chain professionals understand and measure the stability of supply chains.
2. Who collaborates on the KPMG Supply Chain Stability Index?
Answer: The index is a collaboration between KPMG LLP and the Association for Supply Chain Management (ASCM).
3. How often is the Supply Chain Stability Index released?
Answer: Although the exact frequency isn't specified in the provided links, reports like the Q1 Stability Index report suggest it may be released quarterly. This aligns with how many market indices are updated to provide timely information.
4. What does the Supply Chain Stability Index measure?
Answer: The KPMG Supply Chain Stability Index measures the stability of supply chains. It's based on a set of machine-learning algorithms fueled by market data, which allows it to capture and quantify factors that contribute to supply chain variability and stability.
5. What are the primary factors contributing to supply chain variability according to the Index?
Answer: The primary factors contributing to supply chain variability, as identified by the index, might include aspects such as sourcing, labor, and inventory management, though the specific link does not detail these factors.
6. Has the Supply Chain Stability Index shown improvement in supply chain stability?
Answer: Yes, according to the news from 6 days ago, the new index from ASCM and KPMG finds supply chain stability improving, although ongoing challenges persist.
7. Where can I find the latest report on the Supply Chain Stability Index?
Answer: The latest report can often be found on the official ASCM website under their research section, or on KPMG's website under their recent articles or media news sections. A PDF of the most recent report may also be available, for instance, the "stability-index-report-2023-q1.pdf."
For the most up-to-date and detailed information, visiting the official ASCM or KPMG websites or viewing the latest Supply Chain Stability Index report is recommended.