9 out of 10 Korean firms ‘not ready' for supply chain risks


Source: vnexplorer.net vnexplorer.net

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(123rf) Almost 90 percent of South Korean companies are unprepared for supply chain risks even though they are aware that those risks will continue this year. According to a survey by the Korea Chamber of Commerce and Industry published on Sunday, among 300 companies that import raw materials, only 9.4 percent said they have prepared specific measures to respond to potential supply chain constraints, while 89.1 of them responded they have yet to come up with clear plans. Of the companies that said they have already secured or are planning to do so, 45.7 percent said they plan to diversify...