MHI Releases 2023 Annual Industry Report, Led by an Industry Panel

On Wednesday morning, the findings of the MHI 2023 Annual Industry Report were presented to ProMat attendees. Titled  The Responsible Supply Chain: Transparency, Sustainability, and the Case for Business, the report focuses on the trends and digital technologies that are transforming supply chains.

Wanda Johnson of Deloitte joined MHI CEO John Paxton in the presentation, along with a panel of manufacturing and supply chain thought leaders, including:

• Biswaranjan (Bish) Sen, Chief Product Supply Chain Officer, Unilever
• Amanda Davies, Chief Procurement and Sustainability Officer, Mars Wrigley
• Kristi Montgomery, Vice President, Innovation, Research & Development, Kenco Group
• Donnie F. Williams Jr., Executive Director - Supply Chain Management Research Center; Associate Professor - Supply Chain Management, The Sam M. Walton College of Business, University of Arkansas

The report is based on a survey of over 2,000 supply chain professionals, and this year's findings are powerful: 74% of supply chain leaders are increasing their supply chain technology and innovation investments, with 90% saying they are planning to spend over $1 million, an increase of 24% over last year. Thirty-six percent plan to spend over $10 million, up 19%. This investment includes solutions for improved supply chain resiliency, transparency and sustainability as well solutions for the ongoing workforce shortage. 

The report covers more, with findings on sustainability and responsibility, climate readiness assessment, the workforce, and more. Download it here.