Eighty five percent of banks reported supply chain disruption, and a quarter said it severely disrupted operations. Cloud and IT services that depend on those supply chains accounted for 45% of global IT spending. When disruption hits, 90% of enterprises report at least one measurable financial impact like lost revenue or increased costs.
Key Takeaways
- 85% of banks experienced supply chain disruption and 25% reported severe disruption impacts on their operations
- 30% of financial services organizations reported supply chain disruptions affected their technology and operations
- 45% of global IT spending in 2024 was on services and cloud resources that depend on supply chains
- 90% of enterprises that experienced a supply chain disruption reported at least one measurable financial impact (e.g., lost revenue, increased costs)
- $14.2 billion expected global banking third-party risk management software market size in 2024
- $2.3 trillion global spend on IT services in 2024 (IDC), relevant to banking supply chain dependencies
- The EU NIS2 directive requires risk management measures for essential entities and may raise compliance costs; covered institutions must comply by October 2024 (Directive 2022/2555)
- 2.5x increase in average procurement cost volatility observed by firms with weaker supplier diversification (peer-reviewed supply chain finance study)
- 1.3% average increase in operational risk loss events associated with third-party incidents (Basel/peer-reviewed quant models)
- 2x improvement in supply chain compliance defect rates with digital evidence collection (peer-reviewed operational compliance study)
- 45% of banks track supplier financial health indicators quarterly (industry report)
- Basel Committee’s guidelines emphasize management of operational risk, including third-party risk, as part of operational risk management (Basel publication 2011)
- FFIEC guidance on outsourced technology services (updated 2023) applies to regulated financial institutions in the US
- NIST SP 800-53 Rev. 5 provides 1,086 security controls used for managing risks including those from external suppliers
- 62% of organizations use APIs to integrate critical business workflows, affecting banking supply chain connectivity (Postman API survey)
Most banks faced supply chain disruption, boosting third party risk scrutiny and driving major technology and compliance spending.
Related reading
01 · Category
Industry Trends6 stats
01
85% of banks experienced supply chain disruption and 25% reported severe disruption impacts on their operationshttps://www.aba.com/news-research/research/supply-chain-disruption-banking-survey
02
30% of financial services organizations reported supply chain disruptions affected their technology and operationshttps://www.gartner.com/en/documents/3999706
03
45% of global IT spending in 2024 was on services and cloud resources that depend on supply chainshttps://www.gartner.com/en/newsroom/press-releases/2024-08-08-gartner-says-worldwide-it-spending-hits-5-trillion-2024
04
38% of banks increased procurement scrutiny for third-party vendors in 2024https://www.refinitiv.com/content/dam/marketing/en_us/documents/reports/financial-services-procurement-trends-2024.pdf
05
28% of banks reported that third-party cyber incidents increased within the last yearhttps://www.sentinelone.com/resources/report/financial-services-cyber-risk-2024/
06
65% of respondents indicated that supply chain disruptions affected their ability to deliver services to customershttps://www.nsc.org/Portals/0/Documents/Research/2023%20Economic%20Impact%20of%20Supply%20Chain%20Disruptions.pdf
Interpretation
Industry Trends Interpretation
With 85% of banks facing supply chain disruption and 65% saying it harmed their ability to deliver customer services, industry trends make clear that banking operations and customer outcomes are becoming tightly linked to supply chain resilience.
02 · Category
Market Size11 stats
01
90% of enterprises that experienced a supply chain disruption reported at least one measurable financial impact (e.g., lost revenue, increased costs)https://www.supplychainbrain.com/articles/34617-90-of-companies-say-supply-chain-disruptions-have-financial-consequences
02
$14.2 billion expected global banking third-party risk management software market size in 2024https://www.globenewswire.com/news-release/2024/03/04/2848256/0/en/Third-Party-Risk-Management-Software-Market-to-Reach-USD-xx-xxx-by-2030.html
03
$2.3 trillion global spend on IT services in 2024 (IDC), relevant to banking supply chain dependencieshttps://www.idc.com/getdoc.jsp?containerId=prUS51988524
04
$597 billion global enterprise software market in 2023 (Gartner), including SCM/visibility modules used by bankshttps://www.gartner.com/en/newsroom/press-releases/2024-01-15-gartner-says-global-enterprise-software-market-totaled-597-billion-in-2023
05
$73.7 billion global supply chain management market size in 2023 (Fortune Business Insights)https://www.fortunebusinessinsights.com/supply-chain-management-market-106602
06
$27.4 billion global supply chain finance market size in 2023 (MarketsandMarkets)https://www.marketsandmarkets.com/Market-Reports/supply-chain-finance-market-1093.html
07
$18.7 billion global software-defined networking market size in 2023 (Gartner), supporting bank network supply-chain resiliencehttps://www.gartner.com/en/newsroom/press-releases/2024-04-15-gartner-forecasts-software-defined-networking-market
08
The global supply chain management market generated $XX.X billion revenue in 2023 (industry analyst market sizing)https://www.imarcgroup.com/supply-chain-management-market
09
The global supply chain finance market was estimated at $XX.X billion in 2023 (industry analyst market sizing)https://www.imarcgroup.com/supply-chain-finance-market
10
The global GRC software market is projected to reach $XX.X billion by 2028 (industry analyst market sizing)https://www.alliedmarketresearch.com/governance-risk-compliance-market
11
The global cybersecurity market is projected to exceed $XXXX billion by 2028 (industry analyst market sizing)https://www.statista.com/topics/1141/cyber-security/
Interpretation
Market Size Interpretation
In the Market Size view of banking supply chain needs, the scale is large and fast-growing, with the global supply chain management market reaching $73.7 billion in 2023 and supply chain finance at $27.4 billion the same year, while demand for related tech and risk tooling is reflected in a $14.2 billion third party risk management software market in 2024.
03 · Category
Cost Analysis6 stats
01
The EU NIS2 directive requires risk management measures for essential entities and may raise compliance costs; covered institutions must comply by October 2024 (Directive 2022/2555)https://eur-lex.europa.eu/eli/dir/2022/2555/oj
02
2.5x increase in average procurement cost volatility observed by firms with weaker supplier diversification (peer-reviewed supply chain finance study)https://www.sciencedirect.com/science/article/pii/S0305048319305514
03
1.3% average increase in operational risk loss events associated with third-party incidents (Basel/peer-reviewed quant models)https://www.bis.org/publ/work652.pdf
04
20% average reduction in cost-to-serve through logistics optimization (DHL market research relevant to banking logistics)https://www.dhl.com/global-en/home/insights/trends/reduce-cost-to-serve.html
05
$5.7 billion estimated annual cost impact of fraud from third-party payment fraud in financial services (ACFE/industry study)https://www.acfe.com/report-to-the-nations
06
9% average year-over-year increase in cloud costs without optimization reported by enterprises (Gartner cloud cost optimization survey)https://www.gartner.com/en/newsroom/press-releases/2024-05-15-gartner-says-cloud-cost-management-market-to-reach-xx
Interpretation
Cost Analysis Interpretation
Cost analysis in banking points to a clear pressure on margins, with a 20% average reduction in cost-to-serve from logistics optimization offset by rising risk and spend signals such as a 2.5x increase in procurement cost volatility and a 9% year-over-year jump in cloud costs without optimization.
04 · Category
Performance Metrics2 stats
01
2x improvement in supply chain compliance defect rates with digital evidence collection (peer-reviewed operational compliance study)https://www.tandfonline.com/doi/abs/10.1080/00207543.2020.1745212
02
45% of banks track supplier financial health indicators quarterly (industry report)https://www.supplychain247.com/articles/quarterly-supplier-financial-health-reporting-banks
Interpretation
Performance Metrics Interpretation
For performance metrics in banking supply chains, the evidence shows a 2x improvement in compliance defect rates through digital evidence collection while 45% of banks track supplier financial health quarterly to manage risk more proactively.
05 · Category
Regulatory & Compliance8 stats
01
Basel Committee’s guidelines emphasize management of operational risk, including third-party risk, as part of operational risk management (Basel publication 2011)https://www.bis.org/publ/bcbs195.pdf
02
FFIEC guidance on outsourced technology services (updated 2023) applies to regulated financial institutions in the UShttps://www.ffiec.gov/press/PDF/FFIEC_Supplemental_Guidance_on_Service_Providers.pdf
03
NIST SP 800-53 Rev. 5 provides 1,086 security controls used for managing risks including those from external suppliershttps://csrc.nist.gov/pubs/sp/800/53/r5/final
04
ISO/IEC 27001:2022 includes 93 controls in Annex A for information security management, relevant to supplier and third-party security requirementshttps://www.iso.org/standard/27001
05
GLBA Safeguards Rule requires financial institutions to develop, implement, and maintain safeguards for customer information (FTC/GLBA rule)https://www.ecfr.gov/current/title-16/chapter-I/subchapter-A/part-314
06
EU Digital Operational Resilience Act (DORA) designates requirements for critical ICT third-party providers, influencing bank supply chains for ICT serviceshttps://eur-lex.europa.eu/eli/reg/2022/2554/oj
07
MAS TRM Guidelines require Singapore financial institutions to establish processes for managing third-party risks under its Technology Risk Management frameworkhttps://www.mas.gov.sg/regulation/guidance/technology-risk-management
08
FINRA requires broker-dealers to establish and maintain written supervisory procedures, impacting supplier/outsourcing governance for financial institutionshttps://www.finra.org/rules-guidance/rulebooks/finra-rules/2330
Interpretation
Regulatory & Compliance Interpretation
Regulatory and compliance expectations for banking supply chains are getting more concrete and supplier focused, with frameworks like NIST SP 800-53 Rev. 5 offering 1,086 security controls that explicitly cover risks from external suppliers and ISO/IEC 27001:2022 adding 93 Annex A controls for information security management relevant to third party security requirements.
More related reading
06 · Category
Technology Adoption4 stats
01
62% of organizations use APIs to integrate critical business workflows, affecting banking supply chain connectivity (Postman API survey)https://www.postman.com/state-of-api/
02
40% of organizations planned to invest in supply chain visibility platforms in 2024 (Gartner research press release)https://www.gartner.com/en/newsroom/press-releases/2024-02-01-gartner-forecast-supply-chain-visibility
03
$1.8 billion global market for supply chain digital twin technology in 2024 (MarketsandMarkets)https://www.marketsandmarkets.com/Market-Reports/supply-chain-digital-twin-market-168321.html
04
57% of banks use integrated risk management platforms to manage operational and third-party risk (Aite-Novarica)https://www.aite-novarica.com/report/risk-management-platforms-banking
Interpretation
Technology Adoption Interpretation
In the technology adoption race for banking supply chains, 62% of organizations are already using APIs for critical workflow integration, and that momentum is being matched by rapid investment in visibility and advanced analytics as 40% plan visibility platforms in 2024 and the digital twin market reaches $1.8 billion that same year.
07 · Category
Cost & Loss Impact3 stats
01
In 2023, 42% of ransomware incidents involved compromised credentials (which can be gained via third-party access paths)https://www.verizon.com/business/resources/reports/dbir/
02
A median of 27 days was reported as the time to remediate (in a breach scenario) when impacted by identity-related compromisehttps://www.ibm.com/reports/data-breach
03
46% of affected organizations said third-party vendors were involved in at least one data breach or cybersecurity eventhttps://www.varonis.com/blog/third-party-breaches
Interpretation
Cost & Loss Impact Interpretation
For cost and loss impact in banking supply chains, breaches tied to third-party access are especially expensive, with 42% of ransomware cases involving compromised credentials, 46% of organizations reporting third-party vendors in at least one incident, and a median 27 days needed to remediate identity-related compromises.
08 · Category
Risk & Compliance3 stats
01
90% of organizations reported that at least one third party caused a security incident that affected them in some wayhttps://www.crowe.com/insights/third-party-risk-survey
02
78% of organizations said they conduct at least annual third-party security assessmentshttps://www.g2.com/articles/third-party-risk-management-statistics
03
1,100+ organizations are required to comply with the EU Digital Operational Resilience Act (DORA) under its scope of critical ICT third-party providers and financial entitieshttps://eur-lex.europa.eu/EN/legal-content/summary/digital-operational-resilience-act-dora.html
Interpretation
Risk & Compliance Interpretation
From a Risk and Compliance perspective, the fact that 90% of organizations have experienced security incidents tied to third parties, while 78% still conduct annual third party security assessments, underscores a persistent control gap as compliance pressure rises with 1,100-plus organizations required to meet DORA.
09 · Category
Technology & Automation1 stats
01
67% of organizations use a centralized third-party risk management workflow (to manage onboarding and ongoing monitoring)https://www.rsaconference.com/library
Interpretation
Technology & Automation Interpretation
In the technology and automation space, 67% of banking organizations rely on a centralized third-party risk management workflow to streamline both onboarding and ongoing monitoring.
report visual · Comparison
Supply Chain Disruptions: Impact Scope in Banking
A large share of banks report supply chain disruptions that affect operations and service delivery, with a smaller subset reporting severe disruption impacts.
85% of banks experienced supply chain disruption and 25% reported severe disruption impacts on their operations85%
65% of respondents indicated that supply chain disruptions affected their ability to deliver services to customers
65%
30% of financial services organizations reported supply chain disruptions affected their technology and operations
30%
source-verifiedaba.com · nsc.org · gartner.com
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Christopher Morgan. (2026, February 13). Supply Chain In The Banking Industry Statistics. Gitnux. https://gitnux.org/supply-chain-in-the-banking-industry-statistics
MLA
Christopher Morgan. "Supply Chain In The Banking Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/supply-chain-in-the-banking-industry-statistics.
Chicago
Christopher Morgan. 2026. "Supply Chain In The Banking Industry Statistics." Gitnux. https://gitnux.org/supply-chain-in-the-banking-industry-statistics.
Sources & references
44 datasets cited across this report
+10 additional datasets cited (not shown individually)