The results of the Lehigh Business Supply Chain Risk Management Index for the third quarter of 2024 show cybersecurity is the biggest risk on supply chain managers’ minds for the sixth straight quarter, although at its lowest level in the last three quarters.
“What’s interesting in the LRMI this quarter is the second and third place risks,” said Zach G. Zacharia, associate professor of supply chain management and director of the Center for Supply Chain Research at Lehigh. “The government intervention score surged over five points, to its highest level in the past four years, going from number three to number two on the list. This reflects managers’ worries about tariffs, trade wars and regulatory restrictions on source materials, methodologies or technologies.”
Economic risk has climbed from sixth to the third highest risk. “This speaks to supply chain managers’ concerns about rising energy costs, commodity price volatility, labor shortages, sudden demand shocks, global energy shortages and border delays,” said Zacharia.
According to the LRMI, the average total risk index increased slightly, compared to last quarter, but remains low compared to the average risk…
