In today's fast-paced and unpredictable business environment, building resilience in the supply chain is crucial for the success of any organization. By implementing best practices, companies can better prepare for disruptions and ensure continuity in their operations.
Statistic | Value |
---|---|
Percentage of companies that experienced a supply chain disruption in the past year | 65% |
Average cost of a supply chain disruption for a company | $1.5 million |
Percentage of companies that have a formal supply chain risk management process in place | 40% |
These statistics highlight the importance of building resilience in the supply chain and the potential impact of disruptions on businesses.
By following these best practices, companies can strengthen their supply chain and better navigate challenges in today's dynamic business landscape.