Printer Friendly

Clean tech faces supply chain challenges.

Amid concerns about pollution and climate change, the cleantech sector is seeing increased demand for environmentally-conscious products and services. But this growth has not come without risks. One such challenge is supply chain management. According to a survey by Chubb and Cleantech Group, 61% of clean tech companies experienced a supply chain disruption in the past three years. In 84% of cases, the event had a material impact on the bottom line, delaying deliveries, damaging reputations, chasing away customers and reducing revenue. Despite the risk, however, 70% of companies do not have a written supply chain disruption response plan in place. The survey recommended that companies closely monitor their network to identify potential risks, create backup plans, ensure IP protections are in place and consider purchasing global business income insurance.

COPYRIGHT 2016 Risk Management Society Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Findings
Author:O'Rourke, Morgan
Publication:Risk Management
Article Type:Brief article
Geographic Code:1USA
Date:Jan 1, 2016
Words:130
Previous Article:The 2015 data breach toll.
Next Article:Risk management salaries see modest increase.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters