05 Jun 2020 -
 General

Half of business say they will change supply chain, says BSI

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.

Related News

01 Mar 2024 - General

Rising shipping costs adding to core inflation

Read more

01 Mar 2024 - General

Power module market to boom, but costs under pressure

Read more

29 Feb 2024 - General

Electronics industry optimistic: bright start to 2024

Read more

26 Feb 2024 - General

India’s WTO stance raises concerns for chip industry growth

Read more

22 Feb 2024 - General

Electronics manufacturers cautious but optimistic despite recession fears

Read more

21 Feb 2024 - General

Hidden threat: counterfeit hardware infiltrates 80% of computers

Read more