For years, ever-expanding and more efficient supply chains were like magic oil lubricating the global economy.
They kept delivering cheaper goods, wider choice and higher economic growth. Until the pandemic hit, and many of the chains got stuck.
In 2023, many businesses are still recovering from that massive system shock. With the crisis in Ukraine and tensions in the China Sea adding new uncertainty, building more resilient supply chains has become a more difficult task.
To find out how businesses are faring in this changed landscape, we surveyed risk and supply chain leaders in eight key sectors.
How are they rebuilding? What are the main challenges and risks they face? And what will the supply chains of the future look like?
We found that most businesses suffered larger than expected supply chain losses during the crisis. As a result, a large majority are reviewing their supply chains and considering a range of solutions to reduce complexity and risk, and boost resilience.
However, businesses face huge obstacles, including continuing shortages of labor and raw materials, external geopolitical and weather risks and a lack of alternative suppliers.
For many, just getting full transparency of all the links and vulnerabilities in their supply chain is a difficult task.
But those who are tackling these issues and taking action to simplify and secure their systems are reaping a dividend through more robust supply chains that are likely to better withstand future shocks.
This report covers the survey’s main global findings. We will follow this with further industry-specific reports detailing the results in each sector in Spring 2023.
To learn more, download your free survey report by completing the short form at the top of this page.
As Head of Healthcare Broking, NA, Kirsten drives the broking strategy for our healthcare industry clients, particularly for the signature lines of insurance that are critical to our healthcare clients in North America – professional, general and excess liability. Kirsten and her team of healthcare specialists in broking work with our Healthcare industry group, client advocates and producers to deliver cutting edge insurance programs grounded in analytics.