Survey: 46% of respondents do not understand the potential impact natural disasters have on supply chains
Despite some high-profile incidents, such as natural disasters, many businesses seem to be unaware of the disruption these external forces might have on their wider operations.
Nearly 82% of U.S. companies say they would like to expand into new markets, including 36% that are eyeing expansion opportunities in the BRICS (Brazil, Russia, India, China and South Africa) and MINT (Mexico, Indonesia, Nigeria and Turkey) countries, according to a survey released by Vuealta, London.
To understand how businesses were planning to insulate their supply chains from these challenges, Vuealta surveyed UK- and U.S.-based companies to get their views on where they saw the opportunities and risks and what steps they were taking to mitigate negative impact. The survey revealed that almost 90% of businesses have had their supply chains disrupted in some way in the last 5 years.