Moving towards a resilient supply chain

The nature of supply chain management—global in scope, the existence of interdependent activities in the various processes, the need for collaborative relationships between members, and the uncertainty that is inherent in both supply and demand - makes it vulnerable to unexpected events that have the potential to disrupt operations as planned. Disruptions to the supply chain can have a profound effect on the firm ranging from loss of revenue to increased costs when operations don’t proceed as planned. Firms realized that it was critical to their business interests to proactively manage, and even mitigate, the risks that are inherent in global supply chains