Singapore businesses can withstand disruptions longer than peers, survey says
Businesses reported the strongest ability to withstand major disruptions in Proxima survey.
Singapore businesses are better prepared for major supply chain disruptions than their peers in other surveyed markets, according to Proxima's 2026 Global Supply Chain Resilience Outlook.
The survey found that 23% of Singapore businesses said they could continue operating for between four and six months if a major supply chain shock occurred.
This was higher than the US at 18%, Germany at 10%, the UK 8%, and Australia at 5%.
Globally, about half of CEOs said their businesses would not be able to maintain normal operations for more than three weeks after a major supply chain disruption.
The report also found that Singapore businesses are preparing for technology-related risks.
AI was identified as the biggest financial threat to supply chains by 22% of respondents, whilst 93% said they have documented and tested plans to deal with AI-related disruptions.
Companies are also using AI to improve supply chain operations. Half of respondents said they use it for cost modelling, and 48% use it to automate procurement.
The survey found that 44% of Singapore CEOs would accept supplier costs rising by between 11% and 20% to strengthen supply chain resilience.
Almost 40% said they would offset the higher costs through cost-saving measures, whilst 30% said they would pass them on to customers, the lowest share amongst the countries surveyed.
The survey covered 515 CEOs from companies with more than $646.40m (US$500m) in revenue across Singapore, Australia, Germany, the UK, and the US.