A resilient supply chain is as much about being able to fight recovery battles in the here and now, but also securing a strategic advantage in times of crisis that competitors won’t have the ability to replicate.”
— David Irvine, MD, Siecap
COVID-19 has been the black swan event that has shone a spotlight on the innate weakness contained within today’s offshore supply chains.
This exposure should provide the impetus to apply an organisations energies to address these long-term structural weaknesses.
By developing ‘resilience’ capability as opposed to ‘recovery’ skills, companies will no longer be corralled by the limitations of the trend to ultra-lean practices that have driven global supply design over the past two decades. Mapping supply chains, achieving visibility, costing, developing agile options and collaborating with others will allow organisations to ride out the shocks of the future.
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