Key Highlights
- 78% of media companies reported increased supply chain challenges due to global disruptions in 2023
- 65% of media companies plan to invest in supply chain diversification over the next two years
- 54% of media producers experienced delays in content delivery attributable to supply chain issues in 2023
- 42% of media companies reported increased costs for hardware and equipment due to supply chain disruptions
- 38% of media organizations increased their inventory levels to mitigate supply chain delays
- 60% of media firms are exploring alternative suppliers to improve supply chain resilience
- 72% of media companies view supply chain disruptions as a top risk to content production timelines
- 50% of media companies reported stock shortages of critical broadcast equipment in 2023
- 29% of media entities increased their cybersecurity measures to safeguard their supply chain from cyber threats
- 47% of media companies are utilizing data analytics to improve supply chain visibility
- 55% of media businesses experienced increased lead times in procurement processes
- 61% of media corporations experienced higher transportation costs affecting their distribution logistics
- 70% of media firms reported disruptions in the delivery of physical media due to port closures and delays
As the media industry grapples with a storm of supply chain disruptions sweeping across the globe in 2023, nearly three-quarters of companies are rethinking their strategies—from diversifying suppliers to investing in new technologies—to safeguard their content delivery and stay competitive.
Cybersecurity and Data Analysis Enhancements
- 29% of media entities increased their cybersecurity measures to safeguard their supply chain from cyber threats
Cybersecurity and Data Analysis Enhancements Interpretation
Investment and Strategic Initiatives
- 65% of media companies plan to invest in supply chain diversification over the next two years
- 50% of media companies invested in supply chain risk management software over the past year
- 49% of media companies invested in new supply chain technologies to enhance resilience
- 57% of media firms increased their collaboration with technology providers to leverage AI and data analytics in supply chain management
- 63% of media organizations are emphasizing sustainability in their supply chain practices to meet regulatory and consumer demands
- 68% of media firms increased investments in local or internal manufacturing capabilities
Investment and Strategic Initiatives Interpretation
Operational Delays and Cost Increases
- 61% of media corporations experienced higher transportation costs affecting their distribution logistics
- 46% of media firms experienced increased costs in licensing and acquiring digital content rights due to supply chain issues
- 69% of media firms reported that supply chain disruptions increased production costs, affecting pricing strategies
Operational Delays and Cost Increases Interpretation
Supply Chain Alternatives and Resilience Strategies
- 60% of media firms are exploring alternative suppliers to improve supply chain resilience
- 43% of media industry players are emphasizing local sourcing to reduce reliance on global supply chains
- 54% of media companies are exploring blockchain technology for supply chain transparency
- 35% of media companies increased their use of nearshoring strategies to mitigate supply chain risks
- 53% of media companies focused on strengthening relationships with their key suppliers to lessen supply chain risks
- 37% of media organizations shifted towards more local manufacturing to reduce dependency on international supply chains
- 44% of media companies are considering or implementing vertical integration to better control supply chains
Supply Chain Alternatives and Resilience Strategies Interpretation
Supply Chain Disruptions and Challenges
- 78% of media companies reported increased supply chain challenges due to global disruptions in 2023
- 54% of media producers experienced delays in content delivery attributable to supply chain issues in 2023
- 42% of media companies reported increased costs for hardware and equipment due to supply chain disruptions
- 38% of media organizations increased their inventory levels to mitigate supply chain delays
- 72% of media companies view supply chain disruptions as a top risk to content production timelines
- 50% of media companies reported stock shortages of critical broadcast equipment in 2023
- 47% of media companies are utilizing data analytics to improve supply chain visibility
- 55% of media businesses experienced increased lead times in procurement processes
- 70% of media firms reported disruptions in the delivery of physical media due to port closures and delays
- 65% of media companies increased their collaboration with third-party logistics providers (3PLs) to manage supply chain disruptions
- 49% of media companies faced shortages of raw materials needed for production
- 59% of media companies reported that supply chain disruptions impacted their advertising campaigns, due to delays in content dissemination
- 66% of media companies anticipate increased automation in supply chain management to cope with ongoing disruptions
- 73% of media firms believe supply chain issues will continue to affect the industry through 2024
- 58% of media content creators faced delays due to equipment and hardware shortages
- 40% of media industry supply chain disruptions were linked to COVID-19 related restrictions
- 68% of media companies reported that their supply chain disruptions caused revenue losses in 2023
- 62% of media suppliers experienced delays due to container shortages
- 51% of media businesses adopted just-in-time inventory management to adapt to supply chain challenges
- 72% of media firms experienced increased inventory holding costs in 2023
- 44% of media companies faced content delays that impacted release schedules, linked to supply chain bottlenecks
- 33% of media companies experienced increased insurance premiums related to supply chain risks
- 48% of media companies experienced delays in digital infrastructure upgrades due to supply chain constraints
- 56% of media companies increased their focus on supply chain resilience in their strategic planning
- 42% of media companies reported difficulty in sourcing rare or specialized equipment due to global supply chain issues
- 74% of media organizations believe supply chain resiliency will be a key factor in their industry’s competitive advantage moving forward
- 59% of media companies reported that supply chain disruptions affected their ability to meet content quotas
- 52% of media companies experienced challenges in customs clearance for imported equipment and materials
- 60% of media firms faced delays in equipment delivery due to global shipping constraints
Supply Chain Disruptions and Challenges Interpretation
Sources & References
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