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Resilience 2022
The Interos Annual Global Supply Chain Report
In early 2022, Interos surveyed 1500 global leaders on the impact of continued
supply chain disruption and their plans to act on it. The results showed just
how massive the problem truly is, and how technology rests at the center of many
leaders’ plans for the future.
Download the Full Whitepaper

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Part One
Global Supply Chains are Being Reconfigured in Response to Disruptive Events


Concerns about an overconcentration of supply in certain geographies, combined
with recent experience of global shortages and growing lead times, has
strengthened the case for local sourcing and manufacturing.
This includes everything from personal protective equipment and life-saving
drugs to essential foods and silicon chips. For the past three decades, supply
chain operating models have often dictated that such products be manufactured in
low-cost markets with plentiful labor – leading operations to expand worldwide.
But as wage gaps have closed and logistics problems and other risks have
mounted, calls to “reshore” production back to home countries have grown.

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Interos surveyed 1,500 global decision makers across multiple industries about
the impact of continued supply chain disruption.
Almost two-thirds of organizations plan to make ‘wholesale changes’ to their
supply chain footprints.
Nearly 9 in 10 executives agree their supply bases are too concentrated in
certain geographic locations.
Companies are retreating from global supply chains – half of suppliers are set
to be reshored or nearshored.
Part Two
Supply Chain Disruptions are Frequent, Expensive and Often Hidden from View


Global supply chains are in a state of flux as organizations plan major changes
in a post-COVID era.
With so many notable interruptions happening in a relatively short space of
time, it is important to understand the wider impacts on businesses.
Disruptive, high-impact events are a regular occurrence. Companies average three
significant supply chain disruptions per year.

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Disruptive, high - impact events are a regular occurrence. Companies average
three significant supply chain disruptions per year.
We asked: “In your estimation, what is the annual cost in revenue to your
organization as a result of supply chain disruption?”
Nearly all respondents said that frequent supply chain disruptions cost their
organizations tens of millions of dollars a year.
The average annual cost of these disruptions is $182 million.


Part Three
Supply Chain Risk Practices Require Further Improvement


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Most organizations have experienced supply chain disruptions beyond their Tier 1
suppliers.
Only 11% of organizations say they monitor supplier risks on a continuous basis.


In addition to the above, our research found that a majority of organizations
would only know about a disruptive event if it came from Tiers 1 or 2.
Despite an increasing emphasis among organizations on reconfiguring their supply
chains in response to disruptive events, significant disruptions are frequent,
remain financially damaging and occur in places many organizations lack
awareness of.
The fact that many companies lack insights into their extended supply chain
calls into question the supply chain risk monitoring practices they currently
have in place and suggests they still have some way to go in their journey to
become operationally resilient.

Part Four
Technology Has a Vital Role to Play in Managing Risk Proactively


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Technology enables organizations to mitigate supply chain risk and gain a
competitive advantage.
We asked: “Does your organization plan on leveraging automated/intelligent
solutions to gain visibility into interdependencies into your supply chain?”
Less than a fifth use intelligent supply chain visibility solutions – but most
plan to implement them soon.


Conclusion
Frequent and Damaging Supply Chain Disruptions Are No Longer Rare
Organizations globally recognize that current risk practices limit their ability
to counteract supply chain shocks and intend to take action by reconfiguring
their supply chains and adopting technology solutions that facilitate
information sharing and collaboration.
They must do so quickly, if we are to avoid further global supply chain chaos.
To see more findings from Resilience 2022, read our whitepaper.
Read our Whitepaper

To learn more about how Interos can help your organization achieve operational
resilience, contact us.
contact us here



About Interos
Interos is the operational resilience company — reinventing how companies manage
their supply chains and business relationships — through our breakthrough SaaS
platform that uses artificial intelligence to model and transform the ecosystems
of complex businesses into a living global map, down to any single supplier,
anywhere. For more information visit us as www.interos.ai.
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