Many large, global organizations are concerned about the risk of serious physical disruption of their supply chains due to high-impact natural disasters, extreme weather or political turmoil. Over the past two years supplier risk has been receiving more attention from organizations as natural disasters, and their effects on global supply chains, have had wide media exposure.
Only 41 percent of companies surveyed are considered to have "mature" supply chain risk management processes, but nearly four in five mitigate against disruptions by implementing a dual sourcing strategy, according to a recent report.