As electronics and high tech companies pursue growth, supply chain risk management is seen as a vital tool they will further need to leverage in the future.
In fact, 83% of electronics and high tech executives participating in a recent Accenture study of more than 1,000 operations executives across 10 industry sectors indicated that supply chain risk management is important or very important. That’s more than the global response of 76%.
Executives across the sampled industry sets indicated their focus on mitigating supply chain risks was most often driven by concerns tied to cost and pricing factors, IT security and complexity, and the unpredictable global economy within which they work. For the electronics and high tech sector, cost and pricing topped that list.
While most companies receive some return on investment from their risk management, 7% of the surveyed companies generate impressive returns of more 100%. These leaders, as we call them, had a greater propensity than the average respondents did to embrace three practices that distinguished them.
