Supply chain resilience is the ability of a company to quickly react to and recover from supply chain disruptions without significant impact to the production or shipment of products. Supply chain disruptions can include events such as natural disasters, regional conflicts, and pandemics.
Supply chain resilience enables organizations to prepare for and mitigate risk from unforeseen and potentially disruptive events. The ability to respond quickly and lessen the impact of these events increases customer satisfaction and enables companies to gain a competitive advantage.
To build supply chain resilience, you need:
*Source: https://www.brookings.edu
Supply chain disruptions can come from several sources, including:
Learn how to streamline manufacturing processes and supply chain management to bring products to market faster by reading our best practices.