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UK CEOs sound the alarm over serious supply chain vulnerabilities
['Thomas West']
FoodManufacture.co.uk
The data comes from the firm’s Global Supply Chain Resilience Outlook, based on a survey of more than 500 global CEOs at businesses generating more than $500 million in annual revenue.
CEOs willing to pay for resilienceNotably, Proxima found that 100 UK-based CEOs would accept an average uplift of 17% in their third-party supplier costs to guarantee supply chain resilience.
Despite this, the report found that most UK CEOs do not have real-time visibility of cyber risk.
Less than half (45%) have conducted a full cyber resilience stress test across critical suppliers during the past 12 months.
He continued: “Looking ahead, it is crucial that supply chain resilience becomes a board-level decision across UK businesses of all sizes.