While most executives agree an economic downturn is probable or highly likely in the next 18 months, most supply chain and operations leaders say their CEOs are not requiring them to develop contingency plans, according to a survey conducted by Russell Reynolds Associates, a management consulting firm.
The survey includes responses from 534 senior executives across industries.
Here are five key stats:
- 96 percent of executives surveyed believe a recession is likely coming soon
- 20 percent of supply chain and operations executives said an economic downturn would have a significant negative impact on their company's performance
- 96 percent of supply chain and operations executives said a recession would have at least some negative impact on company performance
- 47 percent of supply chain and operations executives said their CEOs do not require a plan for a recession
- Only 8 percent of supply chain and operations executives feel prepared to navigate a recession
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