Many companies are concerned about supply chain disruption despite being confident their revenues will increase this year, new research has revealed.
According to the Corporate Executive Board's Business Barometer survey, 51 per cent of operations management executives anticipate a higher risk of supply chain disruption, compared to just 37 per cent a year ago.
"Even though executives remain cautious, and increasingly concerned with supply-related risks, we expect to see the tide of capital investment begin to shift," said Michael Griffin, managing director of the Corporate Executive Board.
The survey also highlighted that cost pressures remain a key concern, with 73 per cent of respondents saying they anticipate labour costs to rise over the next year, while 53 per cent also expect an increase in the price of energy.
LG Electronics recently outlined proposals to improve its supply chain security, including its plans to engage CargoNet, a division of Verisk's new ISO Crime Analytics unit.
If you are interested in learning more about transport planning, visit our Service pages.
