The latest WTW Global Supply Chain Risk Survey reveals that a staggering 63% of organisations are still facing significant supply chain losses, even with improved risk management strategies. The research indicates a notable shift in risk priorities as concerns over geopolitical instability and cybersecurity threats have risen sharply. The pandemic-related worries have taken a back seat, with many businesses now feeling they lack complete control over their supply chain risks.
Key Points
- 63% of organisations report unexpected supply chain losses despite enhanced risk management.
- Geopolitical tensions (19%) and cybersecurity threats (16%) are now higher priorities than pandemic concerns.
- Less than 8% of businesses feel they have complete control over their supply chain risks.
- The survey indicates a significant drop in concern over pandemic-related risks, which now affect only 37% of respondents.
- Data security issues have surged, with 47% of organisations now identifying it as a critical risk.
- Raw material shortages are growing concerns, increasing from 23% to 35% since 2023.
Why should I read this?
If you’re involved in managing supply chains or risk strategies, this article is a must-read! It gives you the lowdown on current vulnerabilities that are impacting countless organisations. These insights can help you reassess your risk priorities and adapt to a landscape where new threats are emerging—don’t get caught out!
