Firms Vulnerable To Rising Supply Chain Complexity

Supply chain disruption remains in the top 10 biggest perceived threats to businesses globally in 2016, according to an annual survey.

Almost half (46%) of manufacturing businesses around the world polled by the Business Continuity Institute (BCI) said they feared supply chain disruption the most. In addition, 47% of firms across all sectors said increasing supply chain complexity was leaving their organisations vulnerable to disruption from conflict or natural disasters.

The report said there was another fall in the use of long-term trend analysis to assess and understand threats, down 3% to 70% this year. And of those carrying out trend analysis, 33% are not using the results to inform their business continuity management programmes.

David James-Brown, chairman of the BCI, said: “Given the rise of new challenges and the fact that old ones remain, horizon scanning techniques are even more valuable in assisting organizations to be prepared to the best of their potential.”