In today's fast-paced business environment, supply chain disruptions can have a significant impact on a company's bottom line. It is crucial for businesses to have effective strategies in place to manage and mitigate supply chain crises. Let's delve into the realm of supply chain crisis management armed with crucial data and statistics.
Statistic | Value |
---|---|
Percentage of companies experiencing a supply chain disruption in the past year | 65% |
Average cost of a supply chain disruption for a large company | $4.3 million |
Percentage of companies with a formal supply chain risk management process | 33% |
These statistics highlight the importance of having robust supply chain crisis management strategies in place to protect your business from potential disruptions.
By implementing these strategies, businesses can better prepare for and respond to supply chain crises, ultimately minimizing the impact on operations and profitability.