2016 was the year of economic nationalism as supply chain risk reaches record high, according to CIPS.
- Global supply chain risk climbed to its highest level in 24 years, as measured by the CIPS Risk Index, compiled by Dun & Bradstreet.
- Rise of economic nationalism causes uncertainty for global supply chains.
Global supply chain risk grew to a record high at the end of 2016 as the CIPS Risk Index, compiled by Dun & Bradstreet, rose to 82.64, from 79.14 at the end of 2015. The figures put global supply chain risk at the highest level in 24 years following a year in which the pace of globalisation appeared to slow.