ANTIQUATED PRACTISES HOLDING BUSINESSES BACK In addition to skills gaps, the data reveals wide usage of inefficient planning practices are preventing progress. When asked what tools they use to plan, nearly all (Global: 98%; UK: 97%) of the decision makers responded that they do some of their planning on spreadsheets like Excel – a tool built in 1985. And planners are taking on average 27 hours (UK: 25 hours) a week to model different scenarios for their business. The need for a new approach is made clear when asked how ready decision makers feel to navigate the next ‘globally significant’ event on the horizon. When asked if they felt ready to cope with continued supply chain disruption (Global: 29%; UK: 31%), rising interest rates (Global: 22%; UK: 22%), another pandemic (Global: 32%; UK: 35%), or a recession (Global: 34%; UK: 29%), around a said they were not. Marco Limena, Board CEO said: “With all the uncertainty that we see in the world, business leaders need to recognize a new reality: the era of continuous disruption is here. Those seven words are meant as a wake-up call for organizations to continuously adapt and find new capabilities and efficiencies to deal with today’s challenging environment. Continuous planning is an imperative, and the good news is that companies that advance their digital capabilities can steer their business at the speed of change and gain a competitive edge.”
RkJQdWJsaXNoZXIy Mjk3Mzkz