A new report reveals that four in four companies ( up to 14% ) suffered supply chain disruption in last year , warning that companies need to build resilience and risk management into their supply chains now or risk million-dollar losses, as global risks are predicted to increase in 2016 . Increased disruption last year was due to conflict in the middle-east , catastrophic fires at US port, industrial action in US ports and other global disasters, equating to a difficult year for supply chains. The InsightOn report finds that too many companies remain focused on efficiency and cost reduction, ignoring the inherent risks of this approach such as exposure to disruption. The report warns that "the modern economy runs on interconnected global supply chains, but with distance and complexity come new types of risk."
A new report reveals that four in four companies ( up to 14% ) suffered supply chain disruption in last year , warning that companies need to build resilience and risk management into their supply chains now or risk million-dollar losses, as global risks are predicted to increase in 2016 . Increased disruption last year was due to conflict in the middle-east , catastrophic fires at US port, industrial action in US ports and other global disasters, equating to a difficult year for supply chains. The report warns that "the modern economy runs on interconnected global supply chains, but with distance and complexity come new types of risk."