Welcome to ”Invisible Threats – Resilience 2023: Government” – The federal government edition of interos.ai’s third annual supply chain survey. This exclusive report is the only industry benchmark that provides an in-depth look into how government agencies and organizations are being affected by — and responding to — multi-factor third-party and supply chain risk.
This report analyzes the responses of 150 global Supply Chain Risk Management (SCRM) leaders within the government sector and provides comparisons against our other surveyed industries (financial services, energy, healthcare, and aerospace & defense) to see how they stack up. This research was conducted with no mention of interos.ai to ensure unbiased results.
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Key Highlights
- $26M Annual Savings: Our research reveals that better prevention and swift response to supply chain disruptions can save government organizations an average of $26M annually.
- Extensive Sub-Tier Supplier Disruptions: An alarming 97%+ of government agencies lack awareness of sub-tier supplier disruptions for up to 48 hours, exposing them to significant operational and financial risks.
- Expensive and Increasingly Frequent Disruptions: The average government organization lost $54M last year due to supply chain disruption – and the frequency of those disruptions is rising.
- Supply Chain Risk Management Maturity: Only 1% of supply chain risk/procurement leaders within the federal government sector think they have reached full maturity in terms of their supply chain risk management functions
Benefits from Reading interos.ai’s Annual Supply Chain Report
- Understand New and Emerging Challenges: Our report highlights the contemporary and evolving challenges in the supply chain, from climate change and geopolitical turmoil to financial instability.
- Uncover Blind Spots: On average, government agencies leave almost half of their critical suppliers unmonitored or do not assess them for risk. Learn how to spot and remediate these deficiencies.
- See Peer Strategies: Forging better relationships with existing suppliers and reshoring suppliers were top strategies that government leaders are using to respond to geopolitical supply chain risks. Find out why.
- Know Where Your SCRM/TPRM Maturity Ranks: A majority of government procurement and supply chain risk leaders still feel they have significant room to improve. Find out where you rank relative to the pack.
The lessons from our survey participant resonate with us all: “We assumed everything would work flawlessly, and now we know it doesn’t.” The era of assuming is over; seize the opportunity to redefine resilience and drive growth.
View the survey info-graphic here!
