A new international survey has found that while business leaders have recognised resilience as a core competitive advantage, too many of them are falling short on the resiliency elements they need to be successful.According to the bi-annual Pricewaterhouse (PwC) Global Crisis and Resilience about 91 per cent of the 1 812 respondents worldwide reported that they have experienced at least one disruption other than the pandemic.In fact, the top five reported disruptions included the COVID-19 pandemic, employee retention and recruitment, supply chain, technology disruption or failure, and cyber attack.The survey further noted that business leaders overestimate their resilience despite operating in an age of disruption.The report said that excluding the pandemic, the supply chain disruptions had the greatest impact on organisations monetarily or otherwise, and they have doubled since 2019.“More than half (60 per cent) of organisations whose most serious disruption was supply chain-related, were most concerned about experiencing a similar disruption again,” said the report.
