One in every three organizations report losses of more than $1 million over the last year due to supply chain disruptions, according to the Supply Chain Resilience 2016 Report.
A key finding of the Business Continuity Institute (BCI) and Zurich Insurance Group report also reveals that the number of disruptions are on the rise. The number of organizations that experienced at least eleven disruptions increased to 22 percent in 2016, up from seven percent last year.
The number of companies not looking at supply chain automation is currently as high as 40%, but will drop to 17% by the end of 2018
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79% of companies with high-performing supply chains achieve revenue growth greater than the average within their industries
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There were 260 major natural disasters in 2016, creating an economic loss of $211 billion
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According to The Business Continuity Institute, 65% of all companies in the UK experienced at least one supply chain disruption in 2017, and 55% of these incidents resulted in a loss of productivity and loss of money.
