The survey by the BME and riskmethods was based on the experiences of 209 staff at German companies of all sizes and in all sectors, most of them procurement managers and from companies in the mechanical engineering, automotive engineering and electrical industries with annual sales of between 50 million and five billion euros. The BME's survey partner riskmethods has made a name for itself developing holistic supply chain risk management solutions for companies to identify supply chain risks, assess their severity and initiate appropriate measures. The aim is to identify potential risks at an early stage so as to maintain delivery reliability, ensure compliance and avoid damaging the company's image. With the SaaS solution developed in Germany, riskmethods is looking to combine state-of-the-art technology with innovative risk information to create a leading standard in supply chain risk management.
The recent survey on the challenges and current situation in supply chain risk management enabled riskmethods to demonstrate in collaboration with the BME that German companies are not adequately prepared for sudden interruptions in their supply chain. It showed that the majority (71 percent) of the companies surveyed have suffered at least one interruption in the supply chain over the past 12 months. Only 20 percent were able to respond with holistic and systematic measures, even though supply bottlenecks repeatedly generate losses running into millions. The survey also confirmed that subcontractors are all too rarely taken into account in risk monitoring, despite the fact that nearly half (41 percent) of supply chain interruptions can be traced back to subcontractor structures.
"Maintaining an overview of the entire supply chain is vital for manufacturing companies given that no production is possible without parts. A fully automated 360° supply chain risk management system is now indispensable, especially in our globalized world," explains Heiko Schwarz, co-founder and executive partner of riskmethods.