We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Report: 60% of businesses report losing up to 15% or greater in revenue due to supply chain delays
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Report: 60% of businesses report losing up to 15% or greater in revenue due to supply chain delays

Anvyl's 2023 Supply Chain Outlook report examines persistent challenges facing businesses across industries.

April 13, 2023
No Comments

As businesses across industries continue to navigate severe staffing challenges, consumer shifts, and materials shortages, 60% of small and mid-sized businesses (SMBs) report that they have lost up to 15% or greater in revenue due to supply chain delays. This is one of the significant findings from the 2023 Supply Chain Outlook, commissioned by Anvyl, the leading platform for supply chain visibility.

The Outlook  found that 56% of organizations have had to switch suppliers in the past year, with “costs” and “consistent delays” being the most cited reasons why.

Anvyl’s data shines a light on the struggles experienced by businesses as they’ve attempted to overcome the pandemic’s acute impact, as well as the burden of an ongoing economic downturn. As both of these events continue to wreak havoc on global supply chains, businesses have felt a particularly acute impact from resulting disruptions.

In fact, the U.S. Chamber of Commerce recently found that nearly half (47%) of small businesses currently find it hard to keep up with customer demand due to disruptions in their supply chain. Meanwhile, new research from Gartner, which found that 95% of organizations continue to struggle with supply chain resiliency, also confirms the pervasiveness of these obstacles for businesses across the board.

"The findings of this report underscore that businesses across industries are continuing to grapple with a myriad of challenges facing their supply chains," said Rodney Manzo, the CEO, and founder of Anvyl. "While there have been some positive signs indicating that these issues might be easing, it's important to acknowledge that many of the challenges brands are facing are due to shortcomings in their supply chain management strategies.”

Manzo added: “In order to remain competitive and navigate the complexities of today’s environment, brands must be prepared to undertake new and innovative digital transformation strategies. Adapting and modernizing is no longer an option - it's an absolute necessity for survival in today's hyper-competitive marketplace."

Additional highlights from the report include:

  • Pandemic-induced challenges threaten health: 79% of SMBs say they’ve suffered consequences due to supply chain disruptions since the onset of the pandemic, including increased cost of operations (41%), damage to brand reputation (28%) and delayed cash flow (28%).
  • SMBs showcase robust supply chains: More than 50% report using 26 or more suppliers, with 37% using 50 or more. On the same note, 64% of businesses say that they issue 25 or more purchase orders per month, with 40% issuing 50 or more purchase orders on a monthly basis.
  • Paving the road ahead: 89% of business owners & C-suite executives who were surveyed report that they are planning to make strategic investments in their supply chain management in 2023.

To view the full 2023 Supply Chain Outlook, click here.

About Anvyl
Anvyl connects global supply chain teams, systems and suppliers to improve collaboration and decision making from PO issuance through to warehouse delivery. The tool facilitates real-time collaboration, automates key tasks and processes, and empowers teams with deeper insights that allow them to make smarter decisions, faster. To learn more visit http://www.anvyl.com.

Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
Logistics Strategy Technology
KEYWORDS Anvyl
    • Related Articles

      "State of Logistics Report": U.S. warehousing demand spiked in 2013 due to cheap money, retailers' overconfidence

      Report: Manual processes, lack of visibility lead to big losses in the cold chain

      Report: Supply chain problems affecting nearly half of small businesses

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Report: Sagging freight stats show that trucking sector is returning to its historic mean

    • Survey: parcel delivery drivers are frustrated by using their own smartphones for work

    • Heavy transport across two continents

    • Survey: most Americans unaware that truckers face shortage of parking spaces

    • Supply chain executives not yet seeing expected results from technology investments

    Featured Video

    20221107korber large vs

    Enhancing Customer Experience with Your Supply Chain Strategy

    Viewer Contributed
    With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

    FEATURED WHITE PAPERS

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    • Five tips for parcel success in 2023

    • Guide to Pallet Rack Safety

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing