Skip to content
  • (408) 883-8053
  • [email protected]
Facebook-f Twitter Linkedin
  • Blog
  • Careers
  • Demo
  • Login
Menu
  • Blog
  • Careers
  • Demo
  • Login
Resilic Logo
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
      • Business Continuity Planning
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Data Products and Offerings
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
Menu
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
      • Business Continuity Planning
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Data Products and Offerings
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
ANNOUNCEMENT: Resilinc Announces Strategic Growth Investment from Vista Equity Partners Read More
Resilic Logo
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
      • Business Continuity Planning
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Data Products and Offerings
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
Menu
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
      • Business Continuity Planning
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Data Products and Offerings
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub
ANNOUNCEMENT: Resilinc Announces Strategic Growth Investment from Vista Equity Partners Read More
Facebook-f Twitter Linkedin
  • Blog
  • Careers
  • Demo
  • Login
Menu
  • Blog
  • Careers
  • Demo
  • Login
Resilic Logo
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
      • Business Continuity Planning
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Data Products and Offerings
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
Menu
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
      • Business Continuity Planning
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Data Products and Offerings
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
  • Solutions
    • EventWatchAI
    • RiskShield
      • Supplier Assessment Library
      • Business Continuity Planning
    • Multi-Tier Mapping
      • Resilinc Supplier Network
    • Autonomous AI Mapping
    • CommodityWatchAI
    • Data Products and Offerings
    • Supply Chain Risk and Resiliency
      • Advisory Services
      • Data and Intelligence Services
  • Industry
    • Aerospace and Defense
    • Automotive & Industrial
    • Healthcare & Life Sciences
    • High-Tech & Semiconductor
  • Pricing
  • Resources
    • Learning Center
    • Special Reports
    • Events
    • Developer API
  • Company
    • About
    • Partners
    • News
  • Contact
  • Blog
  • Careers
  • Demo
  • Login
  • Customer Hub

Home / Blogs / Resilinc’s Q1 2023 Supply Chain Disruption Data

Crowded luggage at an airport

Resilinc’s Q1 2023 Supply Chain Disruption Data

Apr 19, 2023

Resilinc Editorial Team

Eventwatch

Resilinc’s supply chain disruption data for Q1 2023 is here — while overall disruptions are leveling off, there are some new risk types experiencing major shifts.

Resilinc’s 24/7 risk monitoring platform EventWatchAI reported 3,821 total disruptions and alerts across all industries and risk events monitored by Resilinc: up 8% QoQ. Out of those disruptions, four major risk areas emerged: financial risks, labor risks, shortages, and recalls. To stay ahead of potential risks for your supply chain, read on to see the numbers and learn why these disruptions are happening.

 

Financial Risks on the Rise

Financial risk was a big story in Q1 – much of it stemming from economic instability, inflation, and the headline-generating Silicon Valley Bank collapse. Resilinc data shows a 55% jump in alerts about bankruptcies from Q4 2022 to Q1 2023 and a 90% increase in corporate restructuring alerts. These financial risk data points swelled even larger when compared year-over-year.

Alerts about bankruptcies surged 240% and corporate restructuring events rose 135%. Noteworthy companies that have filed for bankruptcy include Avaya Inc. (with assets valued at over $1billion), Sorrento Therapeutics Inc. (with assets valued at over $1billion), and NBGHome (with assets valued at nearly $740 million.)

To learn more about the global financial crisis, check out Resilinc’s Special Report: Global Financial Crisis and Mass Layoff — Top Risks to Your Supply Chain.

 

Labor and Transportation Disruptions are Up

Resilinc data shows labor disruptions were up 107% year-over-year. Labor disruptions include strikes (such as company/site level strikes, national strikes, transportation strikes, airport strikes, union contracts and strikes, cargo strikes, border authorities strikes, and postal services strikes), as well as layoffs, labor walkouts, and labor protests.

Faced with inflation, layoffs, and long hours, transportation employees are taking action in the form of strikes and protests. Airport disruptions are up 86% QoQ — largely due to these labor strikes and worker shortages. In recent weeks, airport strikes have hit France, Portugal, Britain, and Germany causing major delays. On February 17, more than 1300 flights were canceled by Lufthansa Group in Germany due to strikes. Learn more about the state of global transportation in Resilinc’s Special Report: Global Transportation Disruptions and 2023 Supply Chain Outlook.

Factory disruptions saw a 17% boost QoQ; labor shortages, strikes, falling consumer demand, and energy crises in both Asia and Europe all played a role. Additionally, extreme weather has impacted both airport disruptions and factory disruptions—causing delays in transportation and operations. From tornadoes to floods, extreme weather events trended up in Q1 2023 with a 61% gain from Q4. 

 

Shortages and Recalls Continue

After experiencing decreases for most of last year, alerts for Supply Shortages are up again, increasing 38% QoQ. Many of these supply shortages stem from power shortages, raw material shortages, drug APIs, semiconductor part shortages, and manufacturing issues. Drug shortages, in particular, wreaked a lot of havoc: in March, the US Senate published the report The Health and National Security Risks of Drug Shortages. According to the report, shortages experienced a record five-year high of 295 active drug shortages at the end of 2022.

Alongside supply shortages, recalls saw a 23% quarterly increase and a 114% jump YoY. Key industries impacted by the 216 reported recalls are BioPharma, Life Sciences, Healthcare, Automotive, Freight, and Transportation. These recalls and drug shortages have contributed to FDA/EMA/OSHA Action trending up 69% over the quarter. Other causes include reports of unsafe working conditions, inspection citations, and safety violations.

 

Looking Forward and Planning Ahead  

Two years ago, human health-related disruptions were off the charts due to Covid-19; last year port disruptions experienced major YoY increases and were top of mind — so far this year, alerts for both these risk areas are significantly down. In supply chain, risk areas shift around, and the target is always moving. This is simply the nature of the supply chain landscape. And, while the risk type may change, risk will always be there in some form, as one risk area replaces another.

It is important to remember that supply chain risk will always exist — as shown in Resilinc’s Q1 2023 data. Businesses must stay vigilant and plan ahead to respond quickly and effectively to ever-changing disruptions and risks. Using Resilinc’s EventWatchAI 24/7 supply chain disruption monitoring system, companies can ensure they have the latest data, in order to make timely, informed decisions.

EventWatchAI scans over 100M sources and sites for worldwide potential disruptions, identifying impacts in over 100 languages, 200 countries, and 50 event types. Customers are then sent tailored alerts and suggestions for actions specific to their businesses.

White Paper

A Look Back at Q1 2023: Key Highlights and Top Predictions

Get a quick recap of top disruptions from Q1 2023 and six key challenges to watch out for in the coming months

Download Now

Recent Posts

Critical Cancer Drugs, Other Life-Saving Medications Face Severe Shortages

Forced Labor in the Automotive Supply Chain: What Car Companies Can Do

4 Crucial Commodities to Watch in 2023

CHIPS Update: New Vision for a National Semiconductor Technology Center

Which Industries Have Been Impacted by UFLPA?

5 Ways to Mitigate ESG Risks in Your Supply Chain

Resilinc’s Q1 2023 Supply Chain Disruption Data

Introducing EventWatchAI 5.0: 100M New Sources, Near Real-Time Reporting

About Resilinc

We’re the world’s leading supply chain monitoring, mapping, and resiliency solution. Over 100k organizations partner with us to take their SCRM programs from reactive to resilient.
Request Demo

Recent Blogs

Loading...
Image of a doctor with purple gloves, filling a syringe. Many of the cancer drug shortages are injectables.
May 30, 2023
4 MIN READ
Resilinc Editorial Team

Critical Cancer Drugs, Other Life-Sav...

Cancer drugs have once again become one of the top five drugs in short supply....
Healthcare, Human Health, Supply Chain Disruptions
May 23, 2023
5 MIN READ
Resilinc Editorial Team

Forced Labor in the Automotive Supply...

Believe it or not, the car you’re driving around likely has parts made with forced...
Automotive, Automotive Industry
A cobalt quarry with dust clearing.
May 16, 2023
5 MIN READ
Resilinc Editorial Team

4 Crucial Commodities to Watch in 2023

Your business likely relies on raw materials experiencing significant price fluctuations or shortages. Many industries...
Commodity management, Rare earth minerals
Read All Blogs

Who's in your supply chain?

Better visibility starts now

Email Now|Call Now|Chat Now

Receive our monthly NewsWatch digest

Subscribe
Resilinc Transparent Logo

Most Trusted, Cognitive Supply Chain Risk Management Platform

Solutions

Blog

Careers

Company

  • About
  • News
  • Events
  • About
  • News
  • Events

Resources

  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars

Follows Us

Facebook-f Twitter Linkedin

Sales: [email protected]
Support: [email protected]
Partnerships: [email protected]

Resilinc Transparent Logo

Most Trusted, Cognitive Supply Chain Risk Management Platform

Company

  • About
  • News
  • Events
  • About
  • News
  • Events

Resources

  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • White Papers & Reports
  • Case Studies
  • On-Demand Webinars
  • Solutions
  • Blog
  • Careers
  • Solutions
  • Blog
  • Careers

Follows Us

Facebook-f Twitter Linkedin

Sales: [email protected]
Support: [email protected]
Partnerships: [email protected]

© 2023 Resilinc Corporation. All rights reserved.

Data Security

Privacy Policy

Unlock the Secrets of Building a World-Class Supply Chain Resiliency Program

Discover Best Practices and Proven Strategies with Our 2023 Ultimate Guide to SCRM

           Download Guide