Almost 85% of supply chains can't respond to disruptions in 24 hours
Source: Asia Insurance Review | Jun 2024
A new global survey of 1,800 supply-chain leaders has revealed that average response time for supply chains to respond to disruptions is five days, hindering progress on resiliency and risk mitigation.
The study Supply Chain Orchestration: Leveraging End-to-End Supply Chain Orchestration to Deliver Next Generation Supply Chain Management, Intelligence, and Responsiveness by IDC and sponsored by Kinaxis reveals slow progress in making supply chains more flexible and resilient while also highlighting optimism towards supply chain orchestration tools as a main enabler for the future.
According to the current research, less than one-fifth (17%) of global supply chain leaders say their companies can respond to disruptions within 24 hours. Highlighting their widespread frustration, a staggering two-thirds (67%) of respondents admit they are not ‘very satisfied’ with their response time.
The comprehensive global survey exposes the harsh reality that most are struggling to keep their operations agile and adaptable amid an onslaught of disruptions from geopolitical conflicts, natural disasters and other volatility. A