New regulation highlights danger of supply chain disruption in the UK and EUStarting today, the long-delayed Border Target Operating Model (BTOM) comes into force in the UK. The legislation requires health certificates on all medium- and high-risk products imported from the EU, such as meat, dairy, fruit, vegetables, and plants. Concerns about new laws and regulations were raised by 40.5% of participants of the BCI’s Supply Chain Resilience 2023 survey, representing the fifth biggest concern for organizations in 2023. This latest legislation again highlights the need for organizations to work on resilient strategies, placing particular importance on the mapping of their supply chains and key suppliers. Consequences of new legislationBCI research shows that the main consequences of supply chain incidents/disruptions experienced by organizations in 2023 has been the increased cost of working, loss of revenue, loss of productivity, and loss of customers.

Source: The Guardian February 01, 2024 15:40 UTC