Closer working will make supply chains more secure
Businesses are using closer relationships with suppliers to gain more control and build transparency. Business in Australia are slightly ahead of the global average when implementing changes to their supply chains.
16%
of Australian businesses compared to a quarter (26%) across all markets surveyed are operating as normal and considerably more during the disruption caused by COVID-19
26%
of these companies operating in international markets were less ready for the business interruption caused by the pandemic
How can you prioritize supply chain security? Your peers are:
68%
of Australian firms are now focussed on improving supply chain security
44%
are aiming to increase transparency of their supply networks
31%
are diversifying supply networks to work with more suppliers
Technology will continue to be critical
While technology has kept many businesses going, its longer-term value will lie in supporting a more responsive, collaborative culture.
63%
of businesses are preparing for future uncertainty by adopting technology or investing in innovation
Companies prioritize technologies that will enable them achieve their future goals
25%
Tools that enable collaboration through virtual meetings
23%
Tools that enable digitised production processes
9%
Tools that enable digital payments
Sustainability is taking centre stage
Businesses increasingly view sustainability as integral to their operations. Like technology, it both builds resilience and offers long-term opportunities for growth.
85%
of businesses see environmental sustainability as a priority
9 in 10
see transformation as an opportunity to prioritise sustainability
Where will the pressure come from to be more sustainable in the next 1-2 years?
92%
External sources, including customers and investors
75%
Internal sources, including employees and business leaders
54%
Regulators, including from industry and government
