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More than three quarters of manufacturing firms (77 percent) report increasing supply chain complexity as the fastest-growing risk in business continuity, with malicious attacks via the internet (68 percent) and increased regulatory scrutiny (58 percent) taking second and third place.
Global sourcing across supply chains creates severe business continuity challenges for manufacturers, with the research showing that suppliers operating in riskier countries are the fastest-growing business continuity risk. BSI's proprietary intelligence paints a clear picture of how manufacturing across different sectors can be disrupted by natural disasters, man-made disruption (conflicts) and a lack of resiliency in different countries ability to handle such events.
Risk exposure varies by sector. The proportion of supply chains exposed to elevated, high or severe risk of natural disaster is highest for the apparel (85.6 percent), automotive (53 percent) and aerospace (51 percent) sectors, all of which have a high proportion of manufacturing and raw material sourcing based in politically and geologically unstable regions.
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