Resilience 2022: Financial Services – Download the Interos Annual Global Supply Chain Report
Interos surveyed 300 global supply chain leaders in the financial services sector as part of Resilience 2022, the second edition of the company’s Annual Global Supply Chain Report. This in-depth study shows the impact of continued supply chain upheavals and what financial services organizations intend to do about it.
As the study shows, financial services organizations reported facing three major supply chain events within the last 12 months, not including the war in Ukraine. These disruptions cost these companies an average of $143 million annually in lost revenue — though the vertical fared notably better than other industry sectors — respondents in the Aerospace & Defense, Technology, Pharmaceuticals, and Government verticals all saw average disruptions costs that were at least $40 million greater.
The report also found that financial services companies plan on retreating from totally globalized supply chains – and intend to onshore/nearshore 48% of their supply chains.
Key findings of the Interos Resilience 2022 Financial Services survey include:
- 63% of financial services companies plan to make wholesale changes to their supply chain footprint
- 81% of financial services plan to implement or introduce technology in next 12 months to gain visibility into their supply chains
- Only 9% of financial services organizations currently monitor supplier risk on a continuous basis
- 80% of financial services companies agree that collective responsibility is required to protect against supply chain disruptions.
Download the full report below or check out Resilience 2021, last year’s report.