Sphera's Supply Chain Risk Report Shows Economic Uncertainties, Extreme Weather and ESG-related Risks Among Supply Chain Disrupters in 2023 -- And Pandemic-Related Impacts Nearly Vanishing
CHICAGO, March 5, 2024 /PRNewswire/ -- While supply chain impacts from the COVID-19 pandemic moved into the rearview mirror in 2023, data in Sphera's inaugural Supply Chain Risk Report shows that supply chains were vulnerable to a broad range of other risks — inflation and rising interest rates, natural hazard events and ESG-related risks such as human rights violations and labor practices among them.
- With its new report, Sphera aims to provide insights into the risks that impacted supply chains in 2023.
- The report is based on data from Sphera's Supply Chain Risk Management (SCRM) software , which provides actionable insights into a multitude of potential disrupters so companies can proactively manage and mitigate supply chain risk.
- "Sphera's Supply Chain Risk Report shows that a broad range of risks, increasing ESG regulations and compliance failures can stress businesses," said Paul Marushka, Sphera's CEO and president.
- By optimizing the supply chain composition and diversifying suppliers, companies can better manage the uncertainty that comes with supply chain disruptions.