The Business Continuity Institute recently issued their annual report on Supply Chain Continuity and Resilience, in collaboration with Zurich.
The report investigates among continuity and supply chain management professionals from all over the world how they are dealing supply chain disruptions.
56% of the respondents reported facing a supply chain disruption in the past 12 months, with top causes being IT outages, adverse weather, cyber attacks and data breaches, loss of talent/skills, and transport network disruptions.
Amongst other causes, health and safety incidents saw a huge increase over the past year, ranking from 21st in 2017 to current 8th.
The main consequences are of course financial, reputational and have significant logistics impact.
The good news is 76% of organizations have business continuity arrangements in place to deal with supply chain disruptions and 33% report strong top management commitment. In addition, more and more organizations are choosing to adopt specific tools like ClearView Continuity to manage their supply chain continuity.
Download the full report here.
