A report by McGrathNicol and YouGov reveals that Australian companies are failing to consider geopolitical, cybersecurity, and regulatory risks in their supply chains. Despite high-profile cyberattacks and global conflicts, many threats are not included in their risk management plans. The survey found that 94% of respondents had a high-level awareness of their supply chain risk management program, but 73% had not considered cybersecurity and 74% had not considered geopolitical risks. Business leaders need to update their understanding of supply chains to effectively manage these risks.
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