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Supply chain resilience must endure as a business imperative
The concept of supply chain resilience has become widely accepted as an imperative for the enterprise, with the COVID-19 pandemic helping to crystallise it as an objective in itself. Business leaders are now pondering what this means for their organisations and in particular their bottom lines. It is within this context that the role of the enterprise must evolve to make risk awareness an essential element of supply management processes and decisions. This paper explores some of the initiatives that are driving the demand for supply chain resilience and demonstrates a coalescing need for broader risk awareness. It discusses the fundamental changes to the circumstances of supply management in the wake of the deadliest global pandemic in more than a century. It goes on to look at the journey of becoming more risk-aware — including taking the mantle of leadership within a network that outlines tactical approaches and the necessary building blocks for creating a supply chain-resilient enterprise.
The full article is available to institutions that have subscribed to the journal.
Bill Demartino is Chief Product Officer for riskmethods. Since the early 2000s, Bill has led product management, customer success and sales teams that help organisations transform their procurement and supply chain capabilities, so he is only too familiar with the challenges confronting these enterprises. As chief product officer for riskmethods, he leads the strategy that drives the team as we create the solutions that our customers need to build and manage resilient supply chains.
Matthew York is a supply management industry marketer and thought leader who is fascinated by supply chain risk management, Industry 4.0 technologies and how, when combined, they can drive operational resilience. As the senior solutions marketing manager at riskmethods, Matt helps to drive strategy and thought leadership for the global marketing and North America go-to-market teams by offering expert insight into market conditions, industry trends and customer pain points. Matt previously served as a supply management industry analyst and a national security intelligence analyst.
CitationDemartino, Bill and York, Matthew (2022, March 1). Supply chain resilience must endure as a business imperative. In the Journal of Supply Chain Management, Logistics and Procurement, Volume 4, Issue 3.