The recent GEP-Economist Impact study sheds light on a significant concern: a striking 57% of businesses admit they require more clarity and command over their supply chains. To fortify their operations, many companies are embracing real-time tracking solutions and rigorously stress-testing their supply chain structures. This is detailed in the report, “Navigating the Cost-Plus World of Supply Chains: A Harmony of Resilience, Sustainability, and Costs.”
However, striking the right equilibrium between risk and resilience remains pivotal. The study highlights a marked increase in proactive measures to counter supply chain threats – a jump to 38.5% in 2023 from 30% the previous year.