Pandemic disrupts supply chain flow and cause financial impact
More than half (56%) of the companies experiencing negative business impacts due to COVID-19 connects this to supply chain disruptions. The movement of materials, supplies and goods seem to be particularly hard hit. A total of 44.6% indicated delays in supplies as the main disruption, while 34% suffered logistic issues and 24.3% experienced limitations to international trade.
The disruptions have resulted in reduced sales and revenues for 56.4%. Moreover, 39.1% have experienced reduced production and for 34.8% operational costs increased.