A new report reveals that three in four companies (74%) suffered supply chain disruption in 2015, 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. The report, released today by the Institute for Supply Chain Management (ISCM), a not-for-profit research organization based at Indiana University, Bloomington, Indiana, found that nearly half of all businesses (61%) experienced some form of suppl@@ 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 three in four companies (74%) suffered supply chain disruption in 2015, 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 Tianjin 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."