Afternoon Coffee: Execs Lack Confidence in Supply Chain Competency, Ford Announces Steering-Related Recall

Less than 40% of executives surveyed in a recent Deloitte poll said they were “extremely” or “very” confident about the competence of their supply chain. However, about a third of participants expect their business to gain better control of their supply chain functions in the future.

Ford is recalling about 423,000 vehicles in North America due to a defect with the power-assisted steering feature, which can make it difficult to control the car. Ford Flex, Taurus and flex cars are some of the models included in the recall.

Companies are having more trouble than ever before finding and hiring the right people to manage supply chain operations, especially as supply chains grow more complex.

America’s beloved bacon is becoming cheaper, while eggs – another breakfast staple – are more expensive. In the last year, egg prices increased more than 5%. Bacon prices have dropped 7%.

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