Supply chain resilience explored: new report looks how at businesses are responding to current supply chain issues
- Published: Thursday, 12 May 2022 07:46
Interos has published ‘Resilience 2022’, the second edition of the company's Annual Global Supply Chain Report. Based on a Vanson Bourne survey of more than 1,500 global supply chain leaders the report highlights the impact of continued supply chain upheavals across multiple industries. Organizations indicated that on average they were impacted by three significant supply chain events within the last 12 months (not including the war in Ukraine).
Key findings of the Resilience 2022 survey include:
- Only 11 percent of organizations currently monitor supplier risk on a continuous basis.
- 86 percent of companies acknowledge that their supply chain is too concentrated given the many risks and more than 50 percent said they planned to nearshore to bring their supplies closer to their operations.
- 64 percent of companies plan to make wholesale changes to their supply chain footprint.
- 77 percent plan to implement or introduce technology in next 12 months to gain visibility into their supply chains.
The Interos research was conducted prior to Russia's invasion of Ukraine, which has further exacerbated macroeconomic volatility and supply chain pressures.