Navigating 2024: Everstream’s Report on Supply Chain Risks
In the ever-evolving world of supply chain management, 2024 introduces new challenges requiring your attention. In their 2024 Annual Risk Report, Everstream Analytics’ breaks down the potential disruptions that could impact your bus.
A major focus in the report is the significant risk of environmental regulations overwhelming operations, with a noteworthy 92% risk score. The surge in environmental laws – growing 38 times from 1972 to 2019 – poses a substantial challenge to supply chains. Even companies with established environmental, social, and governance (ESG) policies are expected to face disruptions as countries rush to meet net-zero emissions goals.
To prepare supply chains for the increasing sustainability mandates, MHI’s commitment to promoting sustainability, evident in our 2023 Q4 Solutions magazine articles, and in our most recent feature article on sustainability efforts.
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MHI Members: Members can access more sustainability resources, including an opportunity to enroll in a Supplier Leadership on Climate Transition Program, at mhi.org/sustainability.
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5 Major Supply Chain Threats
Below are the 5 significants risks that Everstream identifies in the report:
- Risk 5: Suppliers Run Out of Core Agricultural Items
- Risk 4: Tensions Escalate in Taiwan
- Risk 3: Protectionist Measures Block Technology
- Risk 2: Environmental Regulations Overwhelm Operations
- Risk 1: Extreme Weather Wrecks Delivery Dates
If you want to access the 2024 Annual Risk Report details, download the full PDF.
For more insights into supply chain challenges and opportunities for 2024, stay tuned for MHI’s Annual Industry Report. We will release at MODEX on March 13 at the MHI Annual Industry Report keynote.
