Some economic indicators say we’re in a rebound. Others suggest the recovery has reached a plateau. Based on the latest quarterly results from the MFGWatch survey, I’d say only one thing is certain: there’s still quite a remarkable level of instability out there, and this is no time to ease up on your strategies for supplier risk management.
For example, consider this finding:
Over half (51 percent) of North American manufacturers participating in the MFGWatch survey said they’ve experienced a significant supply chain disruption in the past three months –that’s up from 44 percent in the previous quarter, and marks the fourth straight quarter that more than one-third of survey participants have suffered a disruption.
In addition, for the fourth straight quarter, over one-third of small and medium-sized manufacturers (42 percent) said they’ve received inquiries or work from companies suffering from supply chain disruptions.
The survey results also show that large manufacturers continue to express optimism, but it seems that unfortunately, all that optimism is failing to manifest itself. For instance: (more…)