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BCI publishes the results of its annual Supply Chain Resilience Survey

Since 2009, the Business Continuity Institute has conducted an annual survey into Supply Chain Resilience. A report is now available which contains the results of the 2014 survey, which generated 525 responses from 71 different countries.

Key findings from the 2014 Supply Chain Resilience survey include:

  • 73.5 percent of respondents do not have full visibility of their supply chains. Only 26.5 percent of organizations coordinate and report supply chain disruption enterprise-wide. This is a slight increase from 25 percent last year.
  • 81 percent of respondents report at least one instance of supply chain disruption last year. This represents a slight increase from the average of 78.6 percent since 2010.
  • 51 percent of disruptions originate below the Tier 1 supplier.
  • The primary sources of disruption to supply chains in the last 12 months were unplanned IT and telecommunications outage (52.9 percent), adverse weather (51.6 percent) and outsourcer service failure (35.8 percent). Below the top three, the most significant changes were the emergence of ‘data breach’ (up three places to 8th), industrial dispute (up eight places to 9th) and currency exchange rate volatility (up ten places to 10th).
  • Loss of productivity (58.5 percent) remains as the top consequence of supply chain disruptions for the sixth year running. Increased cost of working (47.5 percent) and loss of revenue (44.7 percent) are also more commonly reported this year and round out the top three.
  • From 2012, the percentage of firms having business continuity arrangements in place against supply chain disruption has risen from 57.7 percent to 72.0 percent. However, segmenting the data reveals that small and medium sized enterprises (SMEs) are less likely to have business continuity arrangements (63.9 percent) than large businesses (76.2 percent).

Read the full survey report here (after registration).

•Date: 6th November 2014 • UK/World •Type: Article • Topic: BC statistics

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