Supply chain resiliency balances out the fickle nature of its sector. From global disruptions to internal functional anomalies, here are some key elements to building a resilient value chain.
We live in a time of uncertainty. If we needed any further proof, we simply have to look back at 2020, when the best-laid plans were in need of a whole new spin. For supply chain executives, resiliency wasn’t just now limited to simply matching the customer demands in any way possible; it meant reworking their entire operations to the themes of scalability in the face of known and unknown disruptions. Meaning to keep intact the investment made from both financial and resource point of view and ensuring capitalization on every opportunity presented in the market. To create a value chain that not only drives innovation but also leverages sustainability as one of its major founding principles. These understandings are prominently underlined in almost every supply chain conference conducted across the globe yearly.
The objective of an all-season value chain remains to adapt to the challenges owing to internal or external factors and show mobility in how operations are conducted to edge out other competitors. The supply chain resilience strategies include understanding the dynamics of your workflow based on your historical insights and planning it ahead with the backing of informed decision-making via analytics. In this write-up, we’ll be exploring the key elements that contribute to adding pedigree to a resilient framework.
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