New research from Blue Yonder shows the significant scope of the supply chain issues experienced in the last year, which is likely to lead to a new era for the industry. While 97% of companies surveyed experienced disruptions in the past year, 83% said they increased their investments in the supply chain. Fifty-nine percent of companies said the main disruption was customer delays, while 44% said stalled production and 40% said staff shortages. More than two-thirds (63%) of companies now think of the supply chain as a priority due to these issues.
Per Blue Yonder:
- The research, conducted by 3Gem on behalf of Blue Yonder, gathered insights from 250 supply chain decision-makers from the UK. It found that they are unsure about what the future holds, with 37% of organizations concerned about the long-term implications of the COVID-19 pandemic on the supply chain. This is followed by Brexit (24%), a pressure to be more sustainable (19%), the changing regulatory landscape (12%) and a lack of investment (7%).
- Interestingly, over half of organizations (58%) also invested in the sustainability of the supply chain. This is an encouraging move, given that 2021 research from the MIT Center for Transportation & Logistics, sponsored by Blue Yonder, found that nearly one in ten (9%) businesses had decreased their commitment to sustainability last year, while 55% thought it remained the same or were unsure as to the status.