Factory fires, mergers and acquisitions, business sale, leadership transitions and factory disruptions remain the Top 5 reported supply chain disruptions for 2023 to date, according to new Resilinc data.
In fact, from January to June, Resilinc’s EventWatchAI platform reported a total of 8,197 supply chain disruptions, with the healthcare, high tech, automotive, aerospace and food and beverage industries bearing the brunt of the impact.
From Resilinc:
- The overall number of disruptions is slowing compared to previous years, with a mere 3% year-over-year increase, indicating the supply chain is stabilizing.
- Bankruptcies surged by 196%, profit warnings by 300% and corporate restructuring by 125%.
Labor disruptions are also substantially higher this year — up 136%. This includes company and site-level strikes, national strikes, layoffs and labor protests, among others. - Factory disruptions, including shutdowns, production halts, warnings/citations, and labor accidents increased by 30% year-over-year. FDA/EMA/OSHA Action saw an 82% jump, while recalls surged by 66% compared to the first half of 2022.
- Financial and organizational risks such as mergers and acquisitions, business sale and leadership transition remained among the Top 5 disruptions, but displayed signs of stabilization and slight deceleration compared to the first half of 2022.
Read the full Supply & Demand Chain Executive article here>>
