New research commissioned by Sphera reveals that 73% of supply chain leaders experienced supplier disruptions in the past 12 months, and the majority saw those disruptions negatively impact their bottom line. In fact, almost one in four respondents (23%) reported significant revenue or cost losses, and an additional 50% acknowledged minor losses.
“The world is going through a reset in supply chain strategy,” says Paul Marushka, CEO and president at Sphera. “The linear model of stretching supply chains globally to maximize efficiency and lower costs is going away. Trade restrictions, export controls and geopolitical disruption around the world continue to change the game. Firms require an agile, segmented and geographically aligned approach that builds in resilient sourcing strategies concurrently to balance risk.”
Key takeaways:
· Almost all supply chain executives (94.5%) say they are likely to shift a critical portion of their supply chain to another region in response to tariffs, regulations and geopolitical pressures. Yet major operational barriers stand in the way, specifically respondents are concerned with speed of supplier risk checks (33%); compliance documentation and audit readiness (26%); data accuracy in emerging markets (21.5%); and visibility into Tier 2 and Tier 3 suppliers (16%).
· Survey respondents highlight AI-generated supplier risk summaries as essential for faster operational decisions (31%), faster strategic decisions (29%) and speed and accuracy in under 60 seconds (24%). The respondents are clear on what the board expects in return: cost savings/cost avoidance (28%); revenue protection from disruption (24%); and top-line revenue growth (21%).
