Toward stronger supply network resilience: some influential capabilities

The vulnerability of global supply chains (SCs) can be cruelly exposed when a major crisis comes along. A perfect example of this occurred when the COVID-19 pandemic took adversity to new heights.

Predictably, this episode increased the importance of SC resilience capabilities. The conventional “engineering” view deems resilience as the capacity to recover quickly and return to a pre-disruption state or an even stronger one. From this perspective of supply chain resilience (SCR), attaining equilibrium is fundamental. It likewise considers how long the SC can survive in its disrupted state and the time needed to become fully operational again. Assumptions...