11/17/2021 | Press release | Distributed by Public on 11/17/2021 08:09
SAN MATEO, Calif., Nov. 17, 2021 /PRNewswire/ -- There will be fewer deals this holiday season due to lingering supply chain disruptions that will continue impacting retailers through 2022, according to research from Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM).
A survey of more than 600 supply chain leaders at retailers in the US, UK, France, and Germany conducted in October by Sapio Research on behalf of Coupa found some revealing findings about supply chain disruptions.
Retailers anticipate revenue losses between 5-20% from the past 18 months due to supply chain issues, translating into billions lost for some of the world's biggest economies.
Holiday Revenues Will Be Hit Leaving Consumers to Shop Early & Pay Full Prices
Revenue Disruptions Go Beyond Holiday Season
There is broad agreement that supply chain issues will continue to be a long-term challenge with 9 of 10 retailers (91%) anticipating revenue will continue to be impacted by supply chain issues for at least the next six months.
"Retailers are striving to meet demand, maximize revenue potential, and find efficiencies as they continue to face unprecedented supply chain disruptions. They are also encouraged to support key suppliers upon which they depend," said Madhav Durbha, vice president of supply chain strategy at Coupa. "To help overcome these omnipresent challenges, retailers are finding value in supply chain design and planning technology. They can stress test supply chains in real time, tear down silos, and eliminate blind spots across their businesses to outsmart disruptions."
Retailers Suffer a Perfect Storm of Disruption
Additional findings from the survey include:
Survey Methodology
This research was conducted among 618 managers and above, responsible for the supply chain, at retailers in the US, UK, France, and Germany. The interviews were conducted online by Sapio Research on behalf of Coupa in October 2021 using an email invitation and an online survey.
About Coupa
Coupa empowers companies around the world with the visibility and control they need to spend smarter and safer. To learn more about how Coupa can help you spend smarter, visit www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
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SOURCE Coupa Software
Stefanie Gordish, [email protected], 415-590-9722