Half of business leaders are looking to make changes to their supply chain as a result of COVID-19, reports Modern Materials Handling (MMH).
Additionally, more than 25% of survey respondents reported they did not have a business continuity plan in place prior to the pandemic, says MMH.
The findings come from a study conducted by the British Standards Institution, BSI, across a range of industries including aerospace, engineering and pharmaceuticals among others.
“The survey was designed to take a pulse of the impact COVID-19 has had on businesses and organizations, how well prepared they felt they were ahead of the pandemic, what portions of their operations were affected the most, and where they currently see themselves in their road to recovery and resiliency, “ reports MMH.
The BSI survey highlighted these top concerns:
- Supply Chain was cited as a top three concern by 1 in 10 respondents
- Recovering their lost sales followed closely
- 1 in 4 respondents cited employee safety as their top concern
Astute Electronics – Bringing you Safe Supply with the latest insights from trusted sources.