White Paper

Coping with Supply Chain Chaos

February 11, 2022

A recent survey of senior supply chain and procurement executives conducted by The Economist found those disruptions have cost companies an average of 6-10% of annual revenues, with some reporting as much as a 20% revenue reduction. They've also faced significant reputational costs in terms of customer complaints and damage to brand reputation. The major factor affecting the supply chain, of course, is the COVID-19 pandemic, but the issues are much greater, the Economist survey found. There are ongoing labor issues, commodity price fluctuations, increased tariffs and ongoing trade wars.

Fortunately, there are ways to minimize the impact of the ongoing supply chain chaos. If you are a technology provider experiencing extended delays in supplying end users with the products they need, now might be the time to rethink your sourcing strategy.