The coronavirus pandemic is having a far greater impact on global supply chains than originally anticipated, says the Institute for Supply Management (ISM).
In their new survey, COVID-19 and Supply Chains: Increasing Impacts, Decreasing Revenues, they report that 95% of respondents expect global disruption including lack of supplies, delays in shipments, workplace and operations issues and loss of revenue.
The top-5 rated impacts on business, according to the report, are
- Having to telework/remote work (56.7%)
- Business continuity/planning (20%)
- Severe disruption due to transportation restrictions (18%)
- Supply chain disruption (16%).
- Reduced employee productivity (11.7%)
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