Tag: Global Supply Chain

TEMPE, Ariz., March 11, 2020-- The Institute for Supply Management (ISM) revealed the results of a survey focused on coronavirus disease 2019 (COVID-19) business and supply chain impacts. Notably, nearly 75 percent of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions, and more than 80 percent believe that their organization will experience some impact because of COVID-19 disruptions. Of those, one in six (16%) companies report adjusting revenue targets downward an average of 5.6 percent due to the coronavirus. "The story the data tells is that companies are faced with a lengthy recovery to normal operations in the wake of the virus outbreak," said Thomas W. Derry, Chief Executive Officer of ISM. "For a majority of U.S. b...