Ft. Lauderdale, FL -- (SBWire) -- 12/03/2015 --The recent report regarding the lack of full supply chain visibility is a topic in which leading industrial journalist Thomas R. Cutler, and the members of the Manufacturing Media Consortium see at the leading issue for 2016.
The Supply Chain Resilience Report highlighted that seven in ten organizations admit to not having visibility over their full supply chain, and as the survey also revealed that half of disruptions occur below the preliminary tier 1 supplier of goods, this makes it extremely difficult to establish where an organization lies within its suppliers' priorities. Patrick Alcantara DBCI, Senior Research Associate at the Business Continuity Institute and author of the report, commented, "Supply chain disruptions can negatively impact an organization's bottom line, reputation and resilience. This year's Supply Chain Resilience Report demonstrates how good practice can mitigate the worst effects of these disruptions. With findings consistently showing top management commitment as a key enabler of supply chain resilience, we encourage business leaders to take a closer look at their supply chains and champion good practice across their organizations."
Other findings of the report include:
- Unplanned IT and telecommunications outage (64%), cyberattack and data breach (54%) and adverse weather (50%) are the top three causes of supply chain disruption.
- New entries to the top ten are: product quality incident (8th), business ethics incident (9th) and lack of credit (10th).
- The top five consequences of disruption are loss of productivity (58%), customer complaints (40%), increased cost of working (39%), loss of revenue (38%) and impaired service outcomes (36%).
- One third (33%) of respondents report high top management commitment to supply chain resilience, increasing from 29% last year.
- About 7 out of 10 respondents (68%) report having business continuity arrangements in place to deal with supply chain disruptions.
About TR Cutler, Inc., the Manufacturing Media Consortium, and Manufacturing Journalist Thomas R. Cutler
TR Cutler, Inc. was founded sixteen years ago by Thomas R. Cutler. Cutler maintains extraordinary relationships with clients, journalists, editors, economists, trendsetters, and key business leaders worldwide and has become a key resource for those writing about the manufacturing sector.
Cutler founded the Manufacturing Media Consortium™ in 1999, which now has more than 6,000 global members including journalists, editors, publishers, and economists, worldwide writing about trends, industrial data, manufacturing case studies, material handling profiles, and robotics feature articles. Cutler works with thousands of media outlets to expand the coverage and importance of the manufacturing media coverage.
Cutler has authored more than 5,000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals each published in leading monthly trade magazines, B2B periodicals, blogs, and marquis publications globally. Cutler is the most published freelance industrial journalist worldwide, and thousands follow Cutler on Twitter daily at @thomasrcutler. Cutler is a member of the Society of Professional Journalists, Online News Association, American Society of Business Publication Editors, and Committee of Concerned Journalists. Cutler serves on the advisory and editorial boards of publications focusing on material handling, automation, safety, quality, and lean manufacturing best-practices. Cutler is the President and CEO of Fort Lauderdale, Florida-based, TR Cutler, Inc., (http://www.trcutlerinc.com), the largest manufacturing communication firm worldwide with four dozen of industry experts and thought leaders on staff.
Manufacturing Media Consortium Founder Thomas R. Cutler Reports Lack of Supply Chain Visibility Top Story for 2016