REUTERS/Simon Dawson/File PhotoBERLIN (Reuters) - Automakers and suppliers are deprioritising sustainability initiatives in their sourcing policies and focusing on lowering exposure to geopolitical risk after years of supply chain turmoil, a survey of over 1,000 executives showed on Monday.
The average amount suppliers are investing in sustainability initiatives has fallen to $30.5 million in 2023 from $36.6 million in 2022, it said.
One-third of all companies surveyed said they did not have a comprehensive sustainability strategy.
The most common factors respondents based supply chain decisions on were quality, geopolitical risk, cost, and resilience - followed by sustainability.
Respondents said around 50% of semiconductor supply was still not considered fully secure, with full-stack computing platforms and microcontrollers the hardest to obtain.
Persons:
Simon Dawson, ” Capgemini, Ford
Organizations:
REUTERS, BERLIN, Lamborghini, Capgemini
Locations:
Britain, London, BYD