Tech investment is needed to fight geopolitical risk to supply chains
A new report finds that nearly three quarters (73 percent) of UK businesses expect geopolitical risk to intensify over the next 12 months, with 62 percent saying their supply chains can’t deal with the shifting geopolitical sands.
The study from Ivalua, based on a survey of 300 supply chain and procurement decision-makers in the UK, shows the war in Ukraine has negatively impacted confidence in their organization’s supply chain the most (77 percent). This is followed by US tariffs (75 percent), military exercises and testing disrupting major shipping straits (73 percent), tensions between China and Taiwan (62 percent), and the war in Gaza (58 percent).
