BCI publishes report looking at trends in supply chain disruption
- Published: Thursday, 02 May 2019 09:12
The Business Continuity Institute has released a new report, ‘Supply Chain Resilience - 10 Year Trend Analysis’, in association with Zurich. The report looks at emerging key risks are and what organizations can learn from the past 10 years of research in this area.
Key findings from the report include:
- 56.5 percent of organizations experienced a disruption in 2018 compared to 72.3 percent in 2010; a drop of 15.8 percent. However, the proportion of these disruptions that occur in Tier 1 has decreased from 60.1 percent to 52.1 percent from 2010 to 2018, compared to a rise from 8.4 percent to 11.0 percent in Tier 3.
- Consistently high rated causes of disruption include unplanned IT and telecommunication outages as well as adverse weather. These have been joined in recent years by cyber attack, data breach and loss of talent/skills.
- The number of organizations requesting alignment to a business continuity standard has increased from 36.5 percent in 2012 to 51.0 percent in 2018. Furthermore, checks as to whether a supplier has certified to a known standard increased from 11.8 percent in 2010 to 51.0 percent in 2018.
- Top management commitment to managing supply chain risk remains low: those surveyed who believe that their organization’s top management commitment is ‘low’ or ‘none’ has not fallen below 20 percent since the first survey ten years ago.
The report is available from the BCI website (registration required).