Factory fires are the number one supply chain disruption for the fourth year in a row, according to new Resilinc data. Much of this trend is driven by gaps in regulation and process execution, and a shortage of skilled workers in warehouses.
2022 also marked a significant increase in labor disruptions across the globe, a 92% year-on-year increase, largely thanks to protests at the Foxconn iPhone factory in China and a strike of US port truck drivers. .
From GlobeNewswire:
- Top 10 disruptions of 2022 include factory firesmergers and acquisitionsleadership changes, cyberattacks, recalls, port disruptions, and more.
- Although not on the top 10 list, Resilinc data shows a 378% increase in geopolitical turmoil from 2021, largely due to the Russia/Ukraine war. Additionally, airport disruptions increased by 189% last year and bankruptcies topped 270% due to economic instability.
- The five most disrupted industries include life sciences, healthcare, general manufacturing, high tech and automotive, with these specific industries being the most affected for the second year in a row.
- Geographically, North America experienced the most disruption, accounting for just over half (51%) of all alerts issued. Then Europe, then Asia.
