Supply Chain Business Networks Statistics 2024

Are you looking to add Supply Chain Business Networks to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Supply Chain Business Networks statistics of 2024.

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On this page, you’ll learn about the following:

Best Supply Chain Business Networks Statistics

Best Supply Chain Business Networks Statistics

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Supply Chain Business Networks Usage Statistics

Companies can reap a 25% increase in productivity, a 20% gain in space usage, and a 30% improvement in stock use efficiency if they use integrated order processing for their inventory system. ^[0]
46% of organizations don’t use AI at all for their operations while 50.1% report limited usage. ^[0]

Supply Chain Business Networks Market Statistics

The factors that increased supply chain spending in 2018 are cutting costs (25%), SCM automation (25%), and market expansion (23.7%). ^[0]
Regardless of the pandemic, the global supply chain management market is set to grow at a CAGR of 11.2% from 2020 to 2027. ^[0]
The market share of transportation management systems worldwide is predicted to hit $4.8 billion before the end of 2025. ^[0]
According to a supply chain market analysis, 19% of companies that roll out SCM initiatives leverage machine learning to boost forecast accuracy. ^[0]
A supply chain market report says that 63% of organizations have no tech systems in place for monitoring supply chain performance. ^[0]
The leading supply chain market constraints are containing cost increases (32%), facing global competition (28%), and adapting to customer expectations (27%). ^[0]
The global supply chain market size value is The global supply chain market is expected to experience aCAGR of 11.2%from 2020 to 2027. ^[1]
Here are some insights our research uncovered The global supply chain market is expected to experience a CAGR of 11.2% from 2020 to 2027. ^[1]
That’s an increase from a market value of $120.70 billion in 2021 to a predicted $261.89 billion in 2028. ^[1]
The Global Logistics Automation Market has the highest CAGR of any supply chain market, at a predicted rate of 12.4%. ^[1]
The worldwide information security market is forecast to reach $170.4 billion in 2024, according to Gartner. ^[2]

Supply Chain Business Networks Software Statistics

By 2025, the average spending for employees for SCM software will likely be at $8.08. ^[0]
However, of those who do track inventory, the most common method is inventory throughaccountingsoftware like Quickbooks, at 24% of smallbusinessowners. ^[1]
IDC estimates that by 2020, 50% of all business software will incorporate some cognitive computing functions. ^[3]
69% of organizations don’t believe the threats they’re seeing can be blocked by their anti. ^[2]

Supply Chain Business Networks Latest Statistics

57% of companies believe that supply chain management gives them a competitive edge that enables them to further develop their business. ^[0]
A majority of industry professionals (70%). ^[0]
These were followed by data and analytics (6.6%), customer service (4%), adding new talent (4%), eCommerce (2.6%), directtoconsumer sales (2.6%). ^[0]
65% of executives in the logistics, transportation, and supply chain sectors report changes in industry processes. ^[0]
30% of supply chain professionals say that a quick response to customer mandates is a top business priority. ^[0]
32% of global retailers stated that they underwent little disruption. ^[0]
Only 12% of retailers worldwide reported heavy disruption due to the pandemic. ^[0]
64% of retailers were challenged to adapt their supply chain for ecommerce. ^[0]
28% tried to find alternative sourcing options. ^[0]
28% underwent shortages and outof. ^[0]
Proof of this is the fact that 69% of companies do not have total visibility over their supply chains. ^[0]
Only 22% of companies have a proactive supply chain network. ^[0]
62% of companies have limited visibility of their supply chain and 15% only have visibility on production. ^[0]
Meanwhile, 6% report full visibility, and 17% say they have extended supply chain visibility. ^[0]
The most common KPIs used for supply chain monitoring include daily performance (40%), cost reduction (35%), production service rate (29%), inventory turn (28%), and production time (27%). ^[0]
Other factors used are lead time (27%), return rate (25%), and ROA (22%). ^[0]
Pre Pandemic Disruptors Supply chain disruptions can cause significant negative losses in terms of finances (62%), logistics (54%), and reputation (54%). ^[0]
( The types of events that can lead to supply chain disruptions are mergers and acquisitions (66%), extreme weather (41%), factory fire (37%), and business sales (33%). ^[0]
The top causes of supply chain disruption in the US are unplanned IT outages (68%), adverse weather (62%), loss of talent (51%), cyber attacks (50%), and fire (44%). ^[0]
30% of companies don’t analyze the source of supply chain disruptions. ^[0]
This is a 14% increase over the number of 2019 supply chain disruptors which was 3,700. ^[0]
52% of 2020 disruptors in the first nine months of the year led to a “war room” situation. ^[0]
Only 39% of 2019 disruptions resulted in a “war room” situation. ^[0]
The first nine months of 2020 recorded a 13 percentage point increase. ^[0]
Transportation and logistics activities currently account for 12% of the global GDP. ^[0]
74% of supply chain companies utilize 4 or 5 transportation methods. ^[0]
Shippers can minimize freight invoice payments by 90 95% if they utilize a transportation management system. ^[0]
Using transportation management tools can yield an 8% saving on freight costs. ^[0]
Only 35% of shipping companies utilize transportation management systems for their overall SCM strategies. ^[0]
The Plans of Executives to Enhance Resilience in Transportation and Logistics in 2020 53% of executives plan to dual source raw materials. ^[0]
47% of executives plan to increase the inventory of critical products. ^[0]
40% plan the nearshoring and expansion of their supplier base. ^[0]
38% plan to regionalize the supply chain. ^[0]
30% plan to reduce the number of SKUs in their product portfolios. ^[0]
27% plan to have higher inventory along the supply chain. ^[0]
27% plan to backup production sites. ^[0]
15% plan to nearshore their own productions. ^[0]
15% plan to increase the number of their distribution centers. ^[0]
The most important inventory management practices are forecasting (61.3%), warehouse management (50%), logistics (46.8%). ^[0]
These are closely followed by training data scientists (21%), returns management (21%), and data interchange technology (17.7%). ^[0]
In addition, some prioritize investing in sensor technology (12.9%), training retail staff in eCommerce (11.3%), retooling DCs (9.7%), and refitting stores to have warehouse capabilities (3.2%). ^[0]
46% of small businesses use don’t track their inventory or don’t have an automated method to track it. ^[0]
Only 18% of SMBs utilize inventory management systems. ^[0]
25% more manufacturers are investing in more advanced warehouse management in 2017 than in 2016. ^[0]
36% of supply chain professionals say that one of the top drivers of their analytics initiative is the optimization of inventory management to balance supply and demand. ^[0]
The estimated value for outof stock items is $1.14 trillion. ^[0]
The estimated value of global inventory distortion among mass merchants and grocery retailers in 2020 is $176.7 billion for overstock and $568.7 billion for outof. ^[0]
Inventory Management Strategies to Take Post COVID 19.6% plan to have more inventory. ^[0]
26.9% will keep inventory levels the same but will be changing supplier base. ^[0]
19.2% will keep the same inventory levels but keep the same suppliers. ^[0]
21.6% are unsure which inventory management direction. ^[0]
12.7% of business leaders that inventory management planning is not applicable in their organizations. ^[0]
The technologies that are becoming a priority in the supply chain industry are data analysis (41%), IoT (39%), cloud computing (39%), and info security (31%). ^[0]
In addition, there are also those interested in predictive analytics (29%), apps (25%), 3D printing (22%), robotics (22%), drones (20%), mobile production units (19%), blockchain (18%), and cognitive robotics (17%). ^[0]
50% of companies believe that technological advancements have a strong impact on the supply chain, logistics, and transportation operations. ^[0]
40.7% of modern companies believe that data analytics will be one of the key technologies for supply chain management in the next two years. ^[0]
28% of supply chain leaders say that analyzing data from multiple systems for SCM is a key benefit of advanced analytics. ^[0]
81% of supply chain managers report that data analytics will be crucial when it comes to reducing costs. ^[0]
75% of large manufacturers are looking to update supply chain operations using IoT and analytics based situational awareness before the end of 2019. ^[0]
Only 4% of companies leverage artificial intelligence extensively for their supply chain management efforts. ^[0]
Experts predict that 50% of manufacturing supply chains will be able to make directto consumption shipments and home delivery by 2020. ^[0]
50.6% of organizations use warehouse robotics for SCM. ^[0]
AR and VR investments for supply chain management jumped from 8% in 2017 to 23% in 2018. ^[0]
Pick rate productivity can increase by up to 50% if you use pickto. ^[0]
46% of supply chain professionals still reply on excel spreadsheets for their operations. ^[0]
The biggest barriers to tech implementation are cost (48%), ROI calculations 40%), and knowing where to start (35%). ^[0]
In addition, there are those who have problems with finding the right supplier (11%) and dealing with potential interruption to current services (10%). ^[0]
In 2018, the biggest challenges in supply chain management are visibility (21.1%), fluctuating consumer demand (19.7%), and inventory management (13.2%). ^[0]
Some also noted coordinating across sales channels (11.8%), finding talent (9.2%), and keeping up with tech (6.6%). ^[0]
Meanwhile, the sourcing (5.3%), ensuring an ethical supply chain (5.3%), manufacturing (4%), and data management (1.3%). ^[0]
24.7% of professionals report that the biggest supply chain management challenge for B2C eCommerce companies is delivery costs. ^[0]
Retail Supply Chain Executives Willing to Invest in the Following Areas in 2021 58.6% want to increase investment in omnichannel fulfillment. ^[0]
55.73% productive planning and demand forecasting. ^[0]
52.87% want to enable flexible operations. ^[0]
48.52% want to improve inventory management. ^[0]
40.02% want to invest in real time supply chain visibility. ^[0]
40.02% want to improve integrated operational planning. ^[0]
37.15% want to invest more in systems to automate risk identification and issue resolution. ^[0]
31.52% want to invest in production and distribution automation. ^[0]
Well, according to our extensive research Only6% of companies report full visibility on their supply chain.69% of companies do not have total visibility. ^[1]
Only 38.8% of U.S. small businessesexperienced supply chain delays due to the COVID. ^[1]
Here are the facts Reducing supply chain costs from 9% to 4% can double profits. ^[1]
This is especially true for Industrial Suppliers, where the average supply chain cost is 13.2%, while the best companies have managed to optimize this number to 7.9%. ^[1]
Supply chains have a huge impact on company 57% of companies believe that supply chain management gives them a competitive edge. ^[1]
And 70% believed that supply chains are a keydriverfor qualitycustomer service. ^[1]
And 70% believed that supply chains are a key Supply chains provide higher company growth through a wider selection of customized, reliable, sustainable, and delivered as rapidly as possible products. ^[1]
These factors play a key role in growth, and here’s how much demand rose from each factor wider selection (71%), customized (76%), reliable (73%), sustainable (69%), and rapid delivery (76%). ^[1]
The Transportation Management System is expected to have a CAGR of 11.7% from 2021 to 2028. ^[1]
However, this size is expected to experience a CAGR of 12.4%, meaning it may grow to $82.3 billion by 2026. ^[1]
According to our research Only 22% of companies have a proactive supply chain network. ^[1]
43% of small businesses don’t track their inventory. ^[1]
And 21% report that they “don’t have inventory.”. ^[1]
67.4% of supply chain managers use Excel spreadsheets as a management tool. ^[1]
And this number only rises with experience, as around half of new investors use it, while over 75% of late majority managers do. ^[1]
On average, U.S. retail operations have a supply chain accuracy of only 63%. ^[1]
For example, 34% of businesses have shipped an order late due to selling a product that wasn’t in stock. ^[1]
Due to the COVID19 pandemic, the estimated value for outof stock items in 2020 was $1.14 trillion. ^[1]
Globally, 12% of retailers reported heavy supply chain disruptions due to COVID. ^[1]
This is a surprisingly low number, as 32% of global retailers reported that they experienced little disruption. ^[1]
However, maintaining stock items was a much bigger issue, as 28% of respondents underwent shortages and outof stocks and tried to find alternative sourcing options. ^[1]
Between 2019 2020, overall supply chain disruptions increased by 14%. ^[1]
Supply chain disruptions can cause a massive 62% loss in finances. ^[1]
And other aspects of business that can be hit hard by supply chain disruptions includelogisticsand reputation, which see an average 54% hit. ^[1]
supply chain disruptions include The #1 cause of global supply chain disruptions is mergers and acquisitions at 66%. ^[1]
And other common causes of supply chain disruption include extreme weather (41%), factory fire (37%), and business sales (33%). ^[1]
The #1 cause of U.S. supply chain disruptions is unplanned IT outages at 68%. ^[1]
And other common causes of supply chain disruption include adverse weather (62%), loss of talent (51%), cyber attacks (50%), and fire (44%). ^[1]
Supply chain disruptions can causefinancelosses of 62%, and reducing supply chain costs from 9% to 4% can double profits. ^[1]
After all, 43% of small businesses don’t even track their inventory. ^[1]
It’s expected to grow with a CAGR of 11.2% from 2020 to 2027, despite the COVID 19 pandemic throwing a wrench in the industry. ^[1]
In addition, the Transportation Management System industry is worth $120.7 billion and is expected to see a CAGR of 11.7%, bringing its value up to $261.89 billion in 2028. ^[1]
Its CAGR is even higher than these other two industries’ at 12.4%, likely growing from $50.9 billion in 2020 to $82.3 billion in 2026. ^[1]
This issue is exacerbated by the fact that just 22% of companies have a proactive supply chain, which means just 22% of companies can shift to meet supply and demand changes before they cause too many problems. ^[1]
Furthermore, 43% of small businesses don’t track their inventory, which makes it difficult, if not impossible, to accurately serve their customers. ^[1]
57% of companies believe that supply chain management gives them a competitive edge, and they’re right. ^[1]
Something as simple as reducing supply chain costs from 9% to 4% has the potential to double profits. ^[1]
Only 6% of companies report full visibility on their supply chain, while 43% of small businesses don’t track their inventory. ^[1]
This can lead to more supply chain disruptions, costing a massive 62% hit to finances. ^[1]
Further, while approximately 20% of all supply chain data is structured and can be easily analyzed, 80% of supply chain data is unstructured or dark data. ^[3]
Lenovo uses IBM Sterling Supply Chain Insights with Watson Shrinks its average response time to supply chain disruptions from days to minutes up to 90% faster than before. ^[3]
When we introduce closeness and betweenness into the SVM model to predict consumer–supplier relationships, the predictive accuracy of our model, which combines EAs with NCs, is significantly improved by 5.63% (from 76.41% to 80.71%). ^[4]
After introducing the NCs with EAs, the predictive accuracy of the original community is improved by 5.63%, and the predictive accuracy level of each sub community are improved by 7.18%, 9.01%, 8.15% and 9.39%, respectively. ^[4]
According to the results listed in Table 5, the RBF kernel presents better predictive capacities than the others, and the highest accuracy level is obtained at. ^[4]
Kernel Type Linear Polynomial RBF Parameter – 2 3 4 5 0.2 0.4 0.6 0.8 1.0 Accuracy (%). ^[4]
The predictive accuracy level increases from 76.41% to 80.71%, and the predictive precision level increases from 74.71% to 77.94%. ^[4]
Additionally, in this case, the highest recall and F value values of 85.65% and 81.61%, respectively, are achieved. ^[4]
Estimations of predicted customer–supplier relationships in M3. ^[4]
When introducing NC variables with EA variables, the predictive accuracy for each sub community is improved by 7.18% , 9.01% , 8.15% and 9.39%. ^[4]
While the F value of case 3 for the SME–LE group is slightly worse than of case 2, it is still dramatically improved over case 1 by 17.90%. ^[4]
Positive Precision (%). ^[4]
For example, roughly 45 percent of logistics industry professionals revealed that their plans are unchanged in implementing environmentally sustainable practices. ^[5]
“Cyber perils are the biggest concern for companies globally in 2024, according to the Allianz Risk Barometer. ^[6]
Cyber incidents tops the Allianz Risk Barometer for only the second time in the survey’s history (44% of responses), Business interruption drops to a close second (42%) and Natural catastrophes ranks third (25%). ^[6]
Climate change climbs to its highest ever ranking of sixth (17%, up from ninth), while Pandemic outbreak drops to fourth (22%). ^[6]
In 93 percent of cases, an external attacker can breach an organization’s network perimeter and gain access to local network resources.”. ^[6]
Businesses Suffered 50% More Cyberattack Attempts per Week in 2021 Businesses Suffered 50% More Cyberattack Attempts per Week in 2021. ^[6]
Corporate Cyber Attacks Up 50% Last Year. ^[6]
2021 saw 50% more cyber attacks per week on corporate networks compared to 2020. ^[6]
According to Accenture’s Cost of Cybercrime Study , 43% of cyber attacks are aimed at small businesses, but only 14% are prepared to defend themselves. ^[6]
According to Ponemon Institute’s State of Cybersecurity Report , small to medium sized business around the globe report recent experiences with cyber attacks Insufficient security measures 45% say that their processes are ineffective at mitigating attacks. ^[6]
Frequency of attacks 66% have experienced a cyber attack in the past 12 months. ^[6]
69% say that cyber attacks are becoming more targeted. ^[6]
The most common types of attacks on small businesses include Phishing/Social Engineering 57% Compromised/Stolen Devices 33% Credential Theft 30% 10 Small Business Cyber Security Statistics. ^[6]
According to Symantec, IoT devices experience an average 5,200 attacks per month. ^[6]
In 2021, 37 percent of all businesses and organizations were hit by ransomware. ^[6]
Out of all ransomware victims, 32 percent pay the ransom, but they only get 65 percent of their data back. ^[6]
Only 57 percent of businesses are successful in recovering their data using a backup. ^[6]
Cryptocrime, or crimes having to do with cryptocurrencies, are predicted to exceed $30 billion in 2025, up from an estimated $17.5 billion in 2021, according to Cybersecurity Ventures. ^[6]
According to Microsoft , nearly 80% of nationstate attackers targeted government agencies, thinks tanks and other non. ^[6]
The United States remains the most highly targeted country with 46% of global cyberattacks being directed towards Americans Cost of Cybercrime rising The cost of cyber crime has risen 10% in the past year. ^[6]
Cybersecurity Workforce it’s estimated that there will be 3.5 million unfilled cybersecurity jobs by the end of 2025. ^[6]
Phishing attacks were connected to 36% of breaches, an increase of 11%, which in part could be attributed to the COVID. ^[6]
It was reported by Cybersecurity Ventures that roughly 3.5 million jobs in cybersecurity were left unfilled in 2021, which could pose significant operational challenges in the federal sector moving forward. ^[6]
The share of global trade conducted with countries ranked in the bottom half of the world for political stability, as assessed by the World Bank, rose from 16 percent in 2000 to 29 percent in 2018. ^[7]
Just as telling, almost 80 percent of trade involves nations with declining political stability scores. ^[7]
Of the five most exposed value chains, apparel accounts for the largest share of employment, with at least 25 million jobs globally, according to the International Labor Organization. ^[7]
In total, we find 180 products across value chains for which one country accounts for 70 percent or more of exports, creating the potential for bottlenecks. ^[7]
Our scenarios show that a single prolonged production only shock would wipe out between 30 and 50 percent of one year’s EBITDA for companies in most industries. ^[7]
On average, companies can expect losses equal to almost 45 percent of one year’s profits over the course of a decade. ^[7]
We estimate that 16 to 26 percent of exports, worth $2.9 trillion to $4.6 trillion in 2018, could be in play whether that involves reverting to domestic production, nearshoring, or new rounds of offshoring to new locations. ^[7]
That Of 2020 More bad news in 2021, according to the Identity Theft Resource Center. ^[8]
Global Ransomware Damage Costs Predicted To Exceed $265 Billion By 2031. ^[8]
According to a report from Palo Alto Networks’ Unit 42 security consulting group, the average ransomware payment climbed 82% to a record $570,000 in the first half of 2021 from $312,000 in 2020. ^[8]
“A whopping 97% of firms have been impacted by a cybersecurity breach in their supply chain, and 93% admitted that they have suffered a direct cybersecurity breach because of weaknesses in their supply chain. ^[8]
“Supply chain attacks rose by 42% in the first quarter of 2021 in the US, impacting up to seven million people, according to research. ^[8]
According to an article published by Cyber Magazine, IoT devices suffer an average of 5,200 cyber. ^[8]
According to Cybint, 95% of cybersecurity breaches are caused by human error. ^[2]
95% of cybersecurity breaches are caused by human error. ^[2]
88% of organizations worldwide experienced spear phishing attempts in 2019. ^[2]
68% of business leaders feel their cybersecurity risks are increasing. ^[2]
On average, only 5% of companies’ folders are properly protected. ^[2]
86% of breaches were financially motivated and 10% were motivated by espionage. ^[2]
45% of breaches featured hacking, 17% involved malware and 22% involved phishing. ^[2]
and .dot which make up 37%, the next highest is .exe. ^[2]
An estimated 300 billion passwords are used by humans and machines worldwide. ^[2]
Personal data was involved in 58% of breaches in 2020. ^[2]
Security breaches have increased by 11% since 2018 and 67% since 2014. ^[2]
64% of Americans have never checked to see if they were affected by a data breach. ^[2]
56% of Americans don’t know what steps to take in the event of a data breach. ^[2]
The average ransomware payment rose 33% in 2020 over 2019, to $111,605. ^[2]
94% of malware is delivered by email. ^[2]
48% of malicious email attachments are office files. ^[2]
Ransomware detections have been more dominant in countries with higher numbers of internet connected populations, and the U.S. ranks highest with 18.2% of all ransomware attacks. ^[2]
Most malicious domains, about 60%, are associated with spam campaigns. ^[2]
About 20% of malicious domains are very new and used around one week after they are registered. ^[2]
65% of groups used spear phishing as the primary infection vector. ^[2]
Phishing attacks account for more than 80% of reported security incidents. ^[2]
30% of data breaches involve internal actors. ^[2]
90% of remote code execution attacks are associated with cryptomining. ^[2]
66% of companies see compliance mandates driving spending. ^[2]
15% of companies found 1,000,000+ files open to every employee. ^[2]
17% of all sensitive files are accessible to all employees. ^[2]
About 60% of companies have over 500 accounts with non. ^[2]
More than 77% of organizations do not have an incident response plan. ^[2]
Companies reportedly spent $9 billion on preparing for the GDPR and, in 2018, legal advice and teams cost UK FTSE 350 companies about 40% of their GDPR budget or $2.4 million. ^[2]
88% of companies spent more than $1 million on preparing for the GDPR. ^[2]
Since the GDPR was enacted, 31% of consumers feel their overall experience with companies has improved. ^[2]
By 2019, only 59% of companies believed they were GDPR compliant. ^[2]
70% of companies agree that the systems they put in place will not scale as new GDPR regulations emerge. ^[2]
The healthcare industry lost an estimated $25 billion to ransomware attacks in 2019. ^[2]
More than 93% of healthcare organizations experienced a data breach in the past three years. ^[2]
15% of breaches involved healthcare organizations, 10% in the financial industry and 16% in the public Sector. ^[2]
Trojan horse virus Ramnit largely affected the financial sector in 2017, accounting for 53% of attacks. ^[2]
Financial and manufacturing services have the highest percent of exposed sensitive files at 21%. ^[2]
Manufacturing companies account for nearly a quarter of all ransomware attacks, followed by the professional services with 17% of attacks, and then government organizations with 13% of attacks. ^[2]
The U.S. government allocated an estimated $18.78 billion for cybersecurity spending in 2021. ^[2]
Lifestyle (15%) and entertainment (7%). ^[2]
Supply chain attacks were up 78% in 2019. ^[2]
Security services accounted for an estimated 50% of cybersecurity budgets in 2020. ^[2]
The total cost of cybercrime for each company increased by 12% from $11.7 million in 2017 to $13.0 million in 2018. ^[2]
In 2019 over 2020, Scandinavia saw the largest increase in total cost of data breaches at 12%, while South Africa saw the largest decrease at 7.4%. ^[2]
50% of large enterprises are spending $1 million or more annually on security, with 43% spending $250,000 to $999,999, and just 7% spending under $250,000. ^[2]
More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink. ^[2]
Since the pandemic began, the FBI reported a 300% increase in reported cybercrimes. ^[2]
27% of COVID. ^[2]
target banks or healthcare organizations and COVID 19 is credited for a 238% rise in cyberattacks on banks in 2020. ^[2]
Confirmed data breaches in the healthcare industry increased by 58% in 2020. ^[2]
52% of legal and compliance leaders are concerned about thirdparty cyber risks due to remote work since COVID. ^[2]
47% of employees cited distraction as the reason for falling for a phishing scam while working from home. ^[2]
81% of cybersecurity professionals have reported their job function changed during the pandemic. ^[2]
Cloud based cyber attacks rose 630% between January and April 2020. ^[2]
Remote workers have caused a security breach in 20% of organizations. ^[2]
27% of COVID19 cyberattacks target banks or healthcare organizations and COVID 19 is credited for a 238% rise in cyberattacks on banks in 2020. ^[2]
Confirmed data breaches in the healthcare industry increased by 58% in 2020. ^[2]
61% of companies think their cybersecurity applicants aren’t qualified. ^[2]
70% of cybersecurity professionals claim their organization is impacted by the cybersecurity skills shortage. ^[2]
Since 2016, the demand for Data Protection Officers has skyrocketed and risen over 700%, due to the GDPR demands. ^[2]
61% of cybersecurity professionals aren’t satisfied with their current job. ^[2]
There was a 350 percent growth in open cybersecurity positions from 2013 to 2021. ^[2]
40 percent of IT leaders say cybersecurity jobs are the most difficult to fill. ^[2]
The cybersecurity unemployment rate is 0% and is projected to remain there through 2021. ^[2]
By 2021, 100% of large companies globally will have a CISO position. ^[2]
Information Security Analysts job positions in the US are expected to grow 31% from 2019–29. ^[2]
Computer Network Architect job positions in the US are expected to grow 5% from 2019–29. ^[2]
Computer Programmer job positions in the US are expected to decline 9% from 2019–29. ^[2]
These new technologies enable a significant improvement of demand forecast accuracy, often reducing the forecasting error by 30 to 50 percent. ^[9]
The potential impact of Supply Chain 4.0 in the next two to three years is huge up to 30 percent lower operational costs and a reduction of 75 percent in lost sales. ^[9]
while decreasing inventories by up to 75 percent are expected, at the same time increasing the agility of the supply chains significantly. ^[9]
Driven by transportation, warehouse, and the setup of the overall network, the costs can be reduced by up to 30 percent. ^[9]
Roughly 50 percent of this improvement can be reached by applying advanced methods to calculate the cleansheet costs of transport and warehousing and by optimizing the network. ^[9]
The remaining 15 percent cost reduction can be reached by leveraging approaches of dynamic routing, Uberization of transport, leveraging autonomous vehicles, and where possible 3. ^[9]
With advanced system support, 80 to 90 percent of all planning tasks can be automated and still ensure better quality compared to tasks conducted manually. ^[9]
We believe in an overall inventory reduction of 75 percent. ^[9]
At the time, Whole Foods was responsible for 10 percent of Instacart sales, and some investors worried that Amazon would end the partnership. ^[10]
Instacart has an estimated 9.6 million active users and over 500,000 shoppers who pick up the items. ^[10]
64% of surveyed supply chain executives say digital transformation will accelerate due to the pandemic. ^[11]
From the research, we see that 60% of executives say the pandemic has increased their supply chain’s strategic importance. ^[11]

I know you want to use Supply Chain Business Networks, thus we made this list of best Supply Chain Business Networks. We also wrote about how to learn Supply Chain Business Networks and how to install Supply Chain Business Networks. Recently we wrote how to uninstall Supply Chain Business Networks for newbie users. Don’t forgot to check latest Supply Chain Business Networksstatistics of 2024.

Reference

financesonline – https://financesonline.com/supply-chain-statistics/.
zippia – https://www.zippia.com/advice/supply-chain-statistics/.
varonis – https://www.varonis.com/blog/cybersecurity-statistics.
ibm – https://www.ibm.com/topics/supply-chain-analytics.
sciencedirect – https://www.sciencedirect.com/science/article/pii/S2405844015303364.
statista – https://www.statista.com/topics/7150/global-supply-chain-management/.
forbes – https://www.forbes.com/sites/chuckbrooks/2024/01/21/cybersecurity-in-2024–a-fresh-look-at-some-very-alarming-stats/.
mckinsey – https://www.mckinsey.com/business-functions/operations/our-insights/risk-resilience-and-rebalancing-in-global-value-chains.
forbes – https://www.forbes.com/sites/chuckbrooks/2021/10/24/more-alarming-cybersecurity-stats-for-2021-/.
mckinsey – https://www.mckinsey.com/business-functions/operations/our-insights/supply-chain-40–the-next-generation-digital-supply-chain.
businessofapps – https://www.businessofapps.com/data/instacart-statistics/.
ey – https://www.ey.com/en_us/supply-chain/how-covid-19-impacted-supply-chains-and-what-comes-next.

How Useful is Supply Chain Business Networks

One of the key benefits of utilizing a supply chain business network is the ability to improve visibility and transparency throughout the entire supply chain. By connecting all stakeholders – from suppliers to manufacturers to distributors – on a single platform, organizations can gain real-time insights into inventory levels, production schedules, and shipment statuses. This increased visibility allows for better decision-making, proactively identifying bottlenecks or disruptions before they escalate into costly delays.

Moreover, supply chain business networks enable seamless collaboration between trading partners, fostering stronger relationships and driving innovation. By sharing information and best practices in a secure and centralized environment, organizations can work together to optimize processes, reduce lead times, and lower costs. This collaborative approach not only benefits individual participants but also strengthens the overall resilience and agility of the entire supply chain ecosystem.

In addition to enhancing visibility and collaboration, supply chain business networks also facilitate automation and digitization of manual tasks, leading to significant efficiency gains. By leveraging advanced technologies such as artificial intelligence, machine learning, and blockchain, organizations can streamline workflows, eliminate redundancies, and accelerate data processing. This automation not only saves time and resources but also reduces the risk of human error, ensuring accuracy and consistency in supply chain operations.

Furthermore, supply chain business networks enable organizations to adapt quickly to changing market conditions and customer demands. In today’s fast-paced business environment, agility is key to maintaining a competitive edge. By having a responsive and interconnected supply chain, organizations can quickly adjust production schedules, reroute shipments, or onboard new suppliers to meet fluctuating demand. This nimble approach allows organizations to stay ahead of the curve and respond effectively to unforeseen challenges or opportunities.

Overall, the value of supply chain business networks cannot be overstated. By providing enhanced visibility, fostering collaboration, enabling automation, and promoting agility, these networks serve as a foundation for building resilient and efficient supply chains. In a world where disruptions are becoming more frequent and unpredictable, organizations must leverage the power of supply chain business networks to stay ahead of the curve and drive sustainable growth.

In conclusion, the use of supply chain business networks is not just a competitive advantage but a necessity in today’s complex and interconnected business environment. Organizations that embrace these networks stand to benefit from improved efficiency, visibility, and collaboration, ultimately driving better business outcomes and setting themselves up for long-term success.

In Conclusion

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Supply Chain Business Networks Statistics 2024 – Everything You Need to Know