According to Deloitte’s CPO Study 2021, around 70% of survey participants have visibility into their tier 1 suppliers. But only 15% of organizations say they have visibility into tier 2 and beyond. Among other things, the COVID-19 crisis revealed the risk exposure of most organizations’ supply chains. This arose from their inability to properly map their supply chains and supply paths.
It is no longer enough to know who your direct suppliers are. When your organization is able to visually map your sub-tier suppliers, you can identify supply chain dependencies, and expose supply risk. This remains a critical capability for strengthening supply chain resilience and establishing a competitive advantage.