Overview
Supply chain resilience is essential for businesses to navigate disruptions effectively. It encompasses a range of strategies that allow companies to prepare for, respond to, and recover from unexpected events. By understanding risks and implementing flexible practices, organizations can maintain op...
Key Terms
Example: The supply chain for a smartphone includes manufacturers, suppliers, and retailers.
Example: A resilient supply chain can adapt to sudden changes in demand.
Example: Companies use risk management to prepare for potential supply chain disruptions.
Example: Flexible supply chains can quickly switch suppliers if one fails.
Example: Collaboration between suppliers can lead to better resource sharing.
Example: Natural disasters can cause significant disruptions in supply chains.