Supply chains are mission-critical for businesses. According to research from Deloitte, 79% of organizations with superior supply chain capabilities achieve revenue growth that is significantly above average. These are the organizations with mature supply chains.
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I n d u s t r y W h i t e P a p e r
Supply chains are mission-critical for businesses. According to research from Deloitte, 79% of organizations with superior supply chain capabilities achieve revenue growth that is significantly above average. These are the organizations with mature supply chains. However, a crisis can disrupt the entire supply chain and bring it tumbling down. Extreme weather conditions, war, cyberattacks, trade disputes, or pandemics can cause disruptions. In turn, these disruptions can create significant financial losses (62%), logistics issues (54%), and reputation hits (54%), according to the BCI Supply Chain Resilience
For businesses that want to build resilient supply chains that can withstand disruptions, it's imperative to focus on specific tasks and bring the supply chain to a maturity level that will allow the organization to recover quickly. While it's easy to say that a supply chain needs to reach a certain level of maturity in order to improve revenue, in practice, that depends on the size and complexity of the supply chain itself. The geographic distances between the supply and demand, the volume of materials and type of products being transported, and customer expectations all