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:
Delivering new products to market is challenging. And it is difficult to see the cost impact of one or more mistakes.
Try our calculator to estimate the impact on your business. Input your business details, select a challenge, and see the real-world cost impact as validated by our customers.