The latest GEP-Economist Impact report reveals that more than half (57%) of enterprises recognize that they need greater transparency and control over supply chains. To bolster resilience, businesses are implementing real-time visibility systems and stress testing their supply chains, according to the report, Navigating the Cost-Plus World of Supply Chains: A Balance Between Resilience, Sustainability and Costs.
With that said, there must be a balance between risk and resilience. The research uncovers a notable surge in active approaches to mitigating supply chain risks — up to 38.5% in 2023 from 30% in 2022.
Other intriguing findings: