US manufacturers lack of investment in leadership and technology is putting their supply chains at risk, says a new survey by Accenture. As recent headlines show, supply chain disruptions can impact shareholder value and harm brand credibility; the report suggests that such supply chain disruptions can have a 7% impact on shareholder value. The study found that companies with more than one supplier are most vulnerable to disruption because they often rely heavily on suppliers for critical components like manufacturing processes or components. As we have previously highlighted, there is also growing scrutiny of and warnings over litigation and reputational risk for firms that knowingly or unknowingly fail to implement safeguards in supply chains.
US manufacturers lack of investment in leadership and technology is putting their supply chains at risk, says a new survey by Accenture. As recent headlines show, supply chain disruptions can impact shareholder value and harm brand credibility; the report suggests that such supply chain disruptions can have a 7% impact on shareholder value. With global supply chains becoming increasingly splintered, with more suppliers and partners involved, there is a rising catalogue of risks ranging from political and social to regulatory and natural. As we have previously highlighted, there is also growing scrutiny of and warnings over litigation and reputational risk for firms that knowingly or unknowingly fail to implement safeguards in supply chains.