Business executives are not evolving to keep ahead of the complex and increasing risks across their global supply chains, a Zurich survey finds.
In its fifth annual Supply Chain Resilience Survey released this month, Zurich polled 519 members of the Business Continuity Institute—including risk and supply-chain managers, and business continuity, security and emergency-planning professionals—about their response to the challenge of running smooth global business operations.
The survey finds that three-quarters of business specialists do not have a clear understanding of their organization's supply-chain disruption experiences, and only a quarter are coordinating and reporting across their enterprise to gain it. Moreover, 50% say half or more of their suppliers do not have a business-continuity plan in place.
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