Supply chain resilience

Abstract

This paper explores the significance of supply chains to modern economies and the brittle nature of those supply chains. It considers how this brittleness is increasingly exposed by an array of threats, both natural and manmade, as well as the pressures placed on supply chains from rapid changes in society’s expectations and priorities, including with respect to globalisation and ethical considerations. The paper establishes why resilience matters, setting out the degree to which known risks are mitigated and assessing the current status of supply chain resilience. Finally, practical techniques are suggested by which organisations may better understand the risks to their supply chains and enhance the resilience of those chains.