Download a whitepaper about Resilience 2022, the second edition of Interos’ Annual Global Supply Chain Report. This in-depth study shows the impact of continued supply chain upheavals and what organizations across sectors and locations do about it.
As the study shows, 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 $182 million annually in lost revenue.
Key findings of the Interos Resilience 2022 survey include:
- 64% of companies plan to make wholesale changes to their supply chain footprint
- 77% plan to implement or introduce technology in next 12 months to gain visibility into their supply chains
- Only 11% of organizations currently monitor supplier risk on a continuous basis
- 82% of companies agree that collective responsibility is required to protect against supply chain disruptions.
Global supply chains are constantly evolving and require careful management to secure their performance and stability. Recent disruptive events, including COVID-19, international trade disputes and Russia’s war on Ukraine, have underlined the precarious operating environment for many organizations.
The new reality requires enterprises to function normally while monitoring and overcoming a catalogue of risks in their extended supply chains. Significant supply chain disruptions are frequent, damaging, and unpredictable, and require organizations to make significant investments not only to manage the consequences, but also to prepare mitigation plans in advance.
Organizations can and must adapt their supply chains, so they are able to weather large and sustained supply chain shocks over an extended period of time – this is the essence operational resilience. Being unprepared for such events is no longer an option, since disruptions have a negative impact in terms of higher costs, damaged reputation, and a less favorable competitive position.
Download the whitepaper to learn more about the state of the global supply chain and how Interos can help.