WHAT IS SUPPLY CHAIN FUNDING INDEX

The Supply Chain Funding Index (SCFi) was created by URICA, the global supply chain funding specialist, alongside YouGov and economist, Dr John Ashcroft, to measure the existing and forecasted condition of the UK’s supply chains, taking into account its strength, payment and credit terms and forecasted growth.

To date, over 2000 businesses were surveyed over a span of 6 months. The first survey was carried out in September 2016 and the second one – in February 2017.

METHODOLOGY

The SCFi was calculated by inputting the answers of the numerical-scale questions into an algorithm. All numerical questions were asked on a scale of 0 – 10, where 0 is the best score and 10 the worst score a respondent could give. YouGov carried out some statistical correlation analysis to better understand the links between the three factors comprising the index, in order to ensure that the calculation was reflective of the weight of the factors. 1258 businesses took part in the survey in Spring 2017.

The result is a figure between 0 and 10 which indicates the overall condition of the supply chain. This score is then inverted to provide the final Index measure so a higher score means a stronger and less pressured supply chain.

The Latest from Your Industry in the Supply Chain Funding index Report 2017

The Supply Chain Funding Index has become notably weaker across all sectors and supplier types in the past 6 months, falling from 6.6 to 6.2 out of 10.

Although more than half of businesses are expecting an increase in their turnover in the next 12 months, a further deterioration in supply chains reported by a third of businesses surveyed overshadows this positive sentiment, indicating real concern for growth and productivity of UK businesses.

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To view the full infographic, simply click the image below.

Supply Chain Funding index Infographic 2017

ECONOMIC REVIEW OF SUPPLY CHAIN FUNDING INDEX 2016

Supply chains are important

Supply chains are important. In Sunderland, 7,000 people are directly employed by Nissan, a further 27,000 in the U.K. are indirectly employed in the supply chain. Of the 6,000 components involved in car manufacturing, over 60% are imported from manufacturers within the EU….

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About the Author

Dr John Ashcroft PhD BSC.(Econ) FRSA CBIM

John Ashcroft is an an experienced businessman and business economist offering a pragmatic approach to economics analysis and forecasting. He is author of The Saturday Economist and was recently ranked by CityAM as one of the top ten most influential economists in the UK and Ireland.

John is a visiting Professor at MMU Business School, specialising in Economics, Strategy and Social Media and is an occasional lecturer at Manchester Business School.

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Economics Professor John Ashcroft

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