Supply Chain Resilience
Supply chain resilience refers to the ability of a supply chain to prepare for, respond to, and recover from unexpected disruptions. These disruptions can arise from various sources, such as natural disasters, economic shifts, or global events like the COVID-19 pandemic. A resilient supply chain can adapt quickly, ensuring that products and services continue to flow smoothly.
To enhance supply chain resilience, companies often implement strategies like diversifying suppliers, investing in technology, and improving communication. By doing so, they can better manage risks and maintain operations even in challenging circumstances, ultimately leading to greater stability and customer satisfaction.