We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Supply chain execs optimistic about recovery, despite big disruptions and challenges ahead

Supply chain execs optimistic about recovery, despite big disruptions and challenges ahead

Most supply chains faced a 25% or greater reduction in operations due to the coronavirus pandemic and many were overconfident in their ability to manage the crisis; still, execs say a recovery is on the way in 2021, survey shows.

Supply chain execs optimistic about recovery, survey says
September 9, 2020
DC Velocity Staff
No Comments

The coronavirus pandemic has disrupted virtually all supply chains, and although challenges still lie ahead, most executives remain optimistic about a recovery, according to a recent industry impact report from Infosys Consulting, released this week.

Infosys surveyed 80 supply chain executives from eight countries and found that more than half—57%—said their companies felt a 25% or greater supply chain impact from the pandemic; a quarter of those indicated a 50% impact and 6% reported a total shutdown of their supply chains, the researchers said. The survey also revealed that many organizations were overconfident in their ability to weather a major disruption—three-quarters of respondents said they were at least somewhat prepared for a disruption pre-Covid-19, compared to 39% who said they felt that way during the pandemic—and that risk mitigation and business continuity strategies, tools, and planning are more important than ever.

“This before-and-after assessment of supply chain preparedness to face major disruptions makes a compelling case for tools and technology that allows companies to simulate major disruptions within their supply chain networks to identify potential weaknesses and develop contingency plans,” the researchers wrote.

Despite the difficulties, most organizations said they are optimistic that they will recover from the pandemic-related slowdowns in a matter of months. Nearly 70% of respondents said they expect their business to recover in nine months or less—with 61% expecting a recovery in less than six months. Just 10% of respondents said they expect a recovery to take more than a year, and 8% said they don’t expect their supply chains to recover at all.

Respondents said the top three supply chain areas most affected by the pandemic have been: sourcing and procurement (65%), warehouse and distribution (48%), and supplier networks (43%). Looking ahead, the top three areas for change and improvement are: demand forecasting (43%), readiness and continuity planning (39%), and inventory management (39%).

For more coverage of the coronavirus crisis and how it's affecting the supply chain, check out our Covid-19 landing page. 

 

Supply Chain Services Coronavirus Coverage
KEYWORDS Infosys Consulting
  • Related Articles

    Digital networks help retailers “pivot” post Covid-19

    Patrick Terminals - Sydney AutoStrad Migrates to N4 to Advance Automation Capabilities

    AdvancedDock Solution Enables Contactless Workflows for Increased Safety and Productivity

Recent Articles by DC Velocity Staff

Report: Global TMS revenues to nearly double by 2025

E-commerce fulfillment squeezes retailers’ profit margins, Manhattan Associates says

Logistics-as-a-Service platform expands with $2.5 million funding round

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • IBM survey says digitalization trends will sweep trucking industry by 2030

  • Gartner survey signals increased investment in resilience over the next two years

  • Truck driver hiring pool tightens to lowest point in three years, ACT says

  • What Level of Automation is Right for Your Warehouse?

  • Conveyor company fought time and weather to open new factory

Now Playing on DCV-TV

D92f0dd1 a98c 434a 9e17 30b63ee72c90

Automated Pack-out and Print-Apply System for thredUP

DCV-TV 4: Viewer Contributed
SilMan Industries designed and implemented a mixed polybag-carton system, including automated print and apply, in a new regional Fulfillment Center for thredUP, one of the world’s largest online resale platforms for women’s and kids’ apparel, shoes, and accessories.The Situation Secondhand clothing and online...

FEATURED WHITE PAPERS

  • Using innovation to manage peak seasonal demand

  • Time to rethink your lift truck power

  • Warehouse Management System Project Toolkit

  • Solving Talent Management Challenges Now and In the Future

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing