Factory fires, mergers and acquisitions, business sales, factory disruptions and human health ranked as the Top 5 supply chain disruptions in 2020, according to data released from Resilinc’s 2020 Annual EventWatch Report.
Supply chain disruptions were up 67% year-over-year, with 83% of disruptive events being human caused. And, for the third year in a row, the Top 2 events were factory fires and changes in ownership of supplier firms.
North America experienced the most disruptions (2,935), followed by Asia (1,323) and Europe (1,210).
- The disruption caused by the Coronavirus disease (COVID-19) pandemic was more damaging than any other event type.
- In 2020, Resilinc‘s WarRoom revealed supply chain disruptions were up 80% year-over-year due mostly to pandemic-related threats pushing supply chain teams to develop contingency plans, including finding alternate suppliers.