-- Supplier capacity did not meet our demand -- 56%
-- Raw materials price increase/ shortage -- 49%
-- Unexpected changes in customer demand -- 45%
-- Shipment delayed / damaged / mis-directed -- 39%
Compared to Industry Average and Laggard companies, Best-in-Class companies
are more likely to manage or at least assess the following risks:
-- Logistics congestion and capacity
-- Risk profile of suppliers
-- Fuel price risk
-- Risk profile of a country
-- Non-environmental catastrophic events
Companies plan to improve supply chain risk management by implementing a
data-driven, collaborative approach. Study participants are planning to
take the following actions in the next 12 months in order to adopt a more
pro-active supply chain risk management approach:
-- Collaborate more effectively with supply chain partners to jointly
manage supply chain risks -- 59%
-- Improve supply chain data quality used for decision making -- 54%
-- Re-design the supply chain -- 34%
-- Implement new software solutions -- 27%
Read our full report to learn more about the Best-in-Class differentiators
in strategy and information technology used, and recommendations for
improvement.
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