Companies fear supply disruptions: UPS survey

Share this article:

Nearly half of companies with global supply chains say they fear major disruptions in their ability to source, produce and ship goods around the world, according to a survey sponsored by UPS.

In the survey, 47% of companies say they need to pay more attention to risk mitigation compared to just 16% that believe they pay an adequate amount of attention. More than a third — 38% — rate the resilience of their supply chain above average, while 42% say the expansion of their global supply chains has outpaced their ability to manage risk.

The global survey of nearly 350 senior executives was released this week by UPS and the Economist Intelligence Unit.

“Businesses appear to be increasingly vulnerable to supply chain disruptions that can have a catastrophic impact on business performance,” said Dan Brutto, president of UPS International, in a statement. “Success in the global economy depends in large part on building successful risk mitigation strategies that can turn a resilient supply chain into a competitive advantage.”

Companies today already are more vulnerable as a result of having created tighter and leaner supply chains, said Kim Andreasson, senior editor at the Economist Intelligence Unit and the editor of the report.

“A lean organization is a requirement for competitiveness, but that can also expose a business to an increasing number of risks,” he said.

Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Direct Mail

Ricoh Strikes a Blow for Multichannel on a Small Scale

Ricoh Strikes a Blow for Multichannel on a ...

The company introduces a creative service to help print shops augment direct mail with email and pURL landing pages.

Delivered: Insurance Mailers

Delivered: Insurance Mailers

What's in our mailbox this month: Insurance mailers. See which ones cover all their bases—and which ones, not so much.

Marketing Challenge: Defending Direct

Marketing Challenge: Defending Direct

The new CEO wants to cut direct mail because of postal increases—even though DM is great for ROI. What would you do? Email your answers to ginger.conlon@dmnews.com by June 30 ...