Results from a new, independently conducted survey were released today by Interos, the first and only multi-factor, multi-tier, third party risk management platform. The study found that more than 90% of companies expect the disruption of global supply chains caused by the pandemic will have long-lasting effects on their businesses.
Nearly every one of the 450-senior decision-makers in the United States who took the survey (98%) said their organization’s supply chain was disrupted. Their organizations grappled with shortages, demand reduction, price swings, and other upheaval in their supply chains due to the pandemic. More than 90% are concerned that future waves of infections will have similar consequences.
To reduce risk and protect against future shocks, businesses are planning to retool their supply chains, the survey finds. Among the steps they are considering is moving manufacturing to the United States. They also wholeheartedly agree (97%) that better visibility into their suppliers is imperative, but lack a streamlined and comprehensive source — less than half (44%) currently have a single solution for monitoring their entire supply chain, including…
