Nearly all (94%) of the 900 senior IT, IT security and procurement decision-makers from companies across the United States and EU reported some negative impact to revenue resulting from supply chain disruption, according to the Interos Annual Global Supply Chain Report.
“Our survey results underscore the growing importance of supply chain operational resilience in the globally interconnected world that we all live and operate in,” says Jennifer Bisceglie, CEO of Interos. “We can no longer cleanly separate digital and physical supply chains, which is driving a need for greater transparency into hidden supply chain risks, relationships and reliances, which companies are recognizing as critically important to protecting both the bottom line and corporate reputation.”
“The recent White House Executive Orders on supply chain integrity and cybersecurity point to the fact that the fragile extended supply chain has become the soft underbelly of the global economy, and we see the private sector both here in the States and in Europe starting to think more intensely about how best to respond to such growing challenges and vulnerabilities,” Bisceglie adds.
- A little over half (51%) of organizations’ global supply chains have been impacted by the COVID-19 pandemic in the last two years with almost all (89%) of those affected reporting disruptions to product lines and locations.
- Three-quarters (77%) of those surveyed encountered at least one cyberattack on their supply chain in the last year.
- 88% also reported that international trade disputes would cause significant, notable or moderate impacts to their organization.
- Only one-third (34%) of organizations currently assess their global supply chain on a continuous basis.