The COVID-19 pandemic has reshaped our perceptions of risk management and resilience, particularly within the realm of supply chains. The disruptions in both demand and supply have exposed the vulnerabilities inherent in today’s highly interconnected supply networks, impacting the strategies and objectives of companies worldwide.
The combined demand and supply disruption revealed vulnerabilities of today’s highly dispersed and interlinked supply chains, their strategies, and related corporate objectives of almost all globally acting companies .
In today’s evolving environment, building resilient supply chains is more important than ever. However, the conceptual challenges for building supply chain resilience are numerous: from uncovering hidden risks to enhancing supply chain structures and diversifying the supply base. Resilient supply chains empower companies to respond in a quick and agile way to market shifts, thereby conferring crucial competitive advantages amidst unforeseen disruptions.
But how to evaluate which resilience strategy is best for the specific situation your supply chain is facing? How to define concrete measures and implement them into the supply chain process landscape?
In this white paper, we provide insights into these inquiries.
Join us as we delve into the intricacies of real supply chain risk management, unveiling the essential components of a Quantitative Risk Sensing framework.
Nine essential actions to improve your supply chain
A four-step journey from strategy to success
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