Be prepared to bounce back: Building a resilient supply chain

Published: February 25, 2011

Executive summary

Supply chain risk has steadily grown as companies have increased their reliance on outsourcing and sole sourcing while simultaneously failing to shockproof their supplier networks. Catastrophic supply chain disruptions can have a devastating effect on company performance. To mitigate supply chain risk, companies need to take four steps to develop a resilience framework: (1) anticipate risks, (2) assess risks, (3) act against the risks, and (4) designate a business continuity coordinator. Additionally, our research has found that companies with successful risk-conscious supply chains make risk management ongoing, develop a partnership approach with key suppliers, and understand the role the corporate culture plays in propagating success of a resiliency plan.

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Be prepared to bounce back: Building a resilient supply chain

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