Introduction to Supply Chain Resilience

Supply chain disruptions, as exemplified by the global pandemic, can devastate a company’s reputation, productivity, and financial stability. The global pandemic was just one example of how companies of all sizes saw their supply chains crumble virtually overnight, which resulted in many of them going under permanently, while others were set back many years.

In other words, the volatility of the past decade has made one thing certain: supply chain resilience must become a top priority for companies that want to withstand future shocks and maintain course toward their goals.

But what is supply chain resilience? Why does it matter? And how can you develop resilience that helps you overcome unpredictable events, often referred to as ‘black swan‘ events?

Let’s explore below.