The last few years have seen organisations confronted by a seemingly endless range of disruptions, from geo-political and social instability to cost increases, plus a shortfall in available talent and skills.
Indeed, Coeus Consulting's recent survey of 240 CIOs and senior IT leaders finds more than half of respondents reporting either a high, or very high, likelihood of their organisation being impacted across a wide range of business disruptors (see Fig 1).
The disruptor rated as having the 'highest likelihood' of impacting the organisation’s IT supply chain over the next three years is Skills / Talent Availability (61%), followed by Geo-political & Social Instability (53%).
Fig 1: What is the likelihood of these potential business disruptors impacting your organisation's IT supply chain within the next three years?This comes as no surprise; the Digital skills gap is well-reported and expected to cost businesses trillions of dollars by the end of the decade and was a significant challenge throughout 2022. (Fortune online)Furthermore, more than half of those polled stated that the Skills / Talent Availability challenge would have a 'high or very high' impact on the IT supply chain, and consequently, business operations if it occurred.
Are Organisations Investing To Tackle the Skills Challenge?
It is notable that even though Skills / Talent is the chief concern amongst potential supply chain disruptors, it did not feature in the Top 3 investment priorities.
As is evident from Fig 2, there is currently a disconnect: Skills / Talent Availability is expected to have a significant impact on the IT supply chain, yet investment is not being prioritised in these areas.
Fig 2: What are your investment priorities in response to potential IT supply chain disruption?
Indeed, investments that could help address the skills challenge - Skills Resource Ecosystem (5th place), Training & Development (6th), Automation (7th), Retiring Legacy Systems (8th) and Review of end-to-end sourcing strategy (9th) - all come at the bottom of the investment priority list.
This leads us to conclude that many organisations are expecting that their IT supply chain partners to do the heavy lifting in acquiring and training the required resources, rather than building in-house teams to address the skills gap.