Supply chain disruptions have cost one in three organizations more than €1m ($1.06m) in the last year, according to a report. "The Supply Chain Resilience Report," published by the Business Continuity Institute and supported by Zurich Insurance Group, said the overall number of organizations experiencing supply chain disruptions fell from 74 to 70 percent.

European manufacturers are failing to make the most of data and analytics tools to plan and segment their supply chains, according to a new report.

Millennials are more likely to switch brands over a company's product quality or supply chains than its marketing or image, according to research. A survey found quality, ethical or sustainability concerns were much more important in a decision to ditch a favoured brand than its social media presence or a "cool" website or mobile app.

Wholesale food prices are predicted to rise by 3.4 percent in 2017, according to a pricing index. Uncertainty around the UK's future relationship with Europe, currency fluctuations and the outcome of the Donald Trump's presidency could lead to sharp rise in inflation, it said.

A new trading platform to assist buyers of timber in sourcing legal or certified products from all over the world has been launched. BVRio Environmental Exchange has announced its responsible timber exchange index to facilitate the screening of timber products and their supply chains.