No Quick Fixes For Disruptions

Oct. 11, 2006
Disruptions impacting profitability and customer expectations.

Has your company been rocked lately by a supply chain disruption? It may not help much, but you can seek some solace in knowing you're not alone. According to a study conducted by Accenture, 73% of supply chain executives at U.S. companies with more than $1 billion in sales suffered at least one disruption within the past five years. The disruptions most frequently mentioned include problems associated with supply chain partners, raw materials and natural disasters.

Don't expect immediate resolution to a supply chain disruption -- 36% of those surveyed say it took them more than a month to recover, and another 32% say it took them between one week and a month to bounce back. At almost every company (94%), the disruption impacted on profitability and meeting customer expectations.

Nearly half (48%) anticipate their level of supply chain risk will increase in the next three years. As a result, Accenture notes that manufacturers will compensate by investing in better supply chain technology, more accurate planning and forecasting, increased logistics capacity, and closer collaboration with their supply chain partners.

See Also

Popular Sponsored Recommendations

Smarter Savings for Manufacturers - Guide

Sept. 11, 2023
Boost your manufacturing sales and revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

The State of ESG in Manufacturing

Jan. 24, 2023
Dive into this report to learn where the current state of manufacturing ESG is and more.

Pacing the Path to Digitalization

July 23, 2023
Explore the latest trends, challenges, and opportunities facing the ever-changing manufacturing industry, and how organizations should embrace digitalization to stay ahead of ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!