Supply Chain Resilience and Strategic Development Framework
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Supply Chain Resilience
Causes of Supply Chain Disruption
- Loss of talent or skills
- Human illness
- Transport network disruption
- Adverse weather
- Cyber-attacks and data breaches
- Third-party failure
- Natural disasters
- Industrial disputes
- New laws and regulations
The Role of Technology
Technology is vital for mitigating disruptions. As of 2022, 40.7% of organizations utilize technology for this purpose, with those experiencing the greatest impact being the most likely to invest in new solutions.
Levels of Resilience
- Employee: The ability to thrive in a changing environment, facilitated and supported by the firm.
- Firm: The capacity to recover from disruptive events, reduce adverse effects, survive, adapt, and grow.
- Supply Chain: The capacity to prepare for, respond