This question is about supply chain statistics.

What is a supply chain?

By Zippia Team - Feb. 14, 2022

A supply chain is a valuable network connecting a company to its suppliers. This enables the company to produce its products. Supply chains can include things like other people, entities, information, and resources. Overall, the term "chain" represents the process of creating the product that will ultimately be purchased by a customer.

As shown by these statistics, supply chains play a crucial role in effective business management. Supply chain disruptions can cause finance losses of 62%, and reducing supply chain costs from 9% to 4% can double profits.

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