Outages, cyberattacks are top supply chain disruptions

The latest BCI Supply Chain Resiliency Report revealed the top causes of supply chain disruption are telecommunication outages, cyberattacks, data breaches and loss of talent. The report also noted that fire increased from 14th most disruptive to 7th most disruptive to supply chains. Any one of the aforementioned disruptions can cause a 55% loss in productivity, a 46% increased cost of working, and an increase in customer complaints. The report also noted that 74% of the surveyed companies (408 respondents from 64 countries) have a business continuity plan in place that emphasizes reporting supply chain disruptions, but 63% "do not use any technology to analyze, track and monitor the performance of their supply chains."