Supply Chain Resilience Strategies and Overview

Abstract

Supply Chain Resilience refers to the ability to address and anticipate the unexpected events, disruptions, even in pandemic situation and come out with the adaptation and recovery to evolve the continuous supply chain and logistics network design. Resilient supply chain maintains the smooth continuity of network by reduction of disruption risks and establishes customer satisfaction. Over the last few years, COVID-19, extreme weather events, Trade war and shifting geopolitical landscape have underscored the vulnerability of supply chains to disruptions. The leadership highlights importance of building resilient supply chains from then and digitalization of process can be leveraged. It certainly requires structured approach that an organization may build supply chain resilience by adopting several techniques like AI, Machine Learning (ML), Implementing supply chain control towers etc.