Despite increasing uptake and reliance on supply chains, businesses are failing to effectively develop risk management to tackle increasing threats.

A survey by Deloitte of global manufacturing and retail organisations found that 53 percent of all respondents had found that supply chain disruption had become increasingly costly over the past three years. Despite this only just 55 percent believed that their risk management programmes were effective.

Increasing complexity and its impact on cross-collaboration on risk management were cited as reasons for the increasing ineffectiveness of risk management. This reduction comes at a time of increasing disruption from geopolitical movements and rapid economic developments.