To:
From:
Subject:
Please enter the text in the same order as shown in the Image below
Take Courses
Get Certified
Attend Events
Explore Resources
About
×

DRI International Accessibility Statement

DRI International is committed to ensuring that individuals with disabilities can access the content offered through our website, www.drii.org.

If you are having trouble accessing www.drii.org, you can email driinfo@drii.org for assistance. Please put "ADA Inquiry" in the subject line of your email and we will assist you.

Report: Supply Chain Disruptions Cost Companies $184 Million Each Year

July 8, 2021 Leave a comment DRI Admin

Between COVID-19, the Suez Canal blockage, and other surprise disruptions, the past two years haven’t been easy on the global supply chain. A recent international survey estimates a hefty price for organizations as a result – one that goes beyond money.

The Interos Annual Global Supply Chain Report surveyed 900 senior IT, IT security and procurement decision-makers from companies across the US and EU, and nearly all of them (94%) agreed that there’s been a negative revenue impact as a result of some kind of supply chain disruption, estimated as an average $184 million each year. Beyond the financial impact, 83% said their organizations have also suffered reputational damage as well.

The top risks reported:

  • COVID-19 – 51%
  • Cybersecurity risks – 42%
  • Global financial insecurity – 40%
  • Implementation of GDPR in Europe – 37%
  • Supplier bankruptcy/liquidity – 30%
  • Geopolitical events – 27%
  • Natural disasters – 25%
  • S./China trade dispute – 24%
  • Unethical labor practices – 21%
  • Brexit – 20%

With the increasing visibility of supply chain risks, half of those surveyed belief it will become their organization’s top business priority within the next two years, as evidenced by the seriousness with which boards are taking the issue. 78% reported their boards meet to discuss supply chain risk at least once a month.

Headquarters
1115 Broadway
12th Floor
New York, NY 10010

London Office
Tallis House
2 Tallis Street
London, EC4Y 0AB

©2021 DRI International, Inc. All Rights Reserved.

consult-ic