It’s a staggering but unsurprising statistic: 94 per cent of Fortune 1000 companies suffered supply chain disruptions during the early stages of the Covid-19 pandemic.
As this Which-50 Cover Story makes plain, underestimating the risk of supply chain shocks led to production stoppages, critical supply shortages and closing factories.
The article features a report earlier this year by The Boston Consulting Group found that 43% of companies are seeking to make permanent changes to their supply chains as a result of COVID-19 and to build resilient supply chains and the “urgent need to prioritise resilience as a core competency” over cost efficiency.
“Given that we think uncertainty will remain, resilience becomes an increasingly important consideration for businesses,” the BCG Managing Director and Partner Rebecca Russell tells Which-50.
According to Which-50, the BCG report, Digital supply chains build resilience for companies in the post-COVID world, argues that an over-reliance on lean ‘just-in-time’ operating models and a massive under-investment in digital supply chain technologies has left supply chains vulnerable during the crisis.
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