The MIT/PricewaterhouseCoopers Global Supply Chain and Risk Management Survey is a study of the supply chain operations and risk management approaches of 209 companies with global footprints. As globally operating organizations, they are exposed to high-risk scenarios ranging from controllable risks—such as raw material price fluctuation, currency fluctuations, market changes, or fuel price volatility—to uncontrollable ones such as natural disasters.
The findings validate five key principles that companies can learn from to better manage today’s risk challenges to their supply chains and prepare for future opportunities.
- Supply chain disruptions have a significant impact on company business and financial performance.
- Companies with mature supply chain and risk management capabilities are more resilient to supply chain disruptions. They are impacted less and they recover faster than companies with immature capabilities.
- Mature companies investing in supply chain flexibility are more resilient to disruptions than mature companies that do not invest in supply chain flexibility.
- Mature companies investing in risk segmentation are more resilient to disruptions than mature companies that do not invest in risk segmentation.
- Companies with mature capabilities in supply chain and risk management do better along all surveyed dimensions of operational and financial performance than immature companies.
The report is downloadable at: http://supplychain.mit.edu/events/Forum-PwC-Report