Re-Imaging the Supply Chain
Supply chains are interconnected and complex systems built on the premise that supplies will always be available. Manufacturers rely heavily on the downstream suppliers, without having any visibility into those suppliers or what is going on below the deck.
This means that when faced with a crisis, supply chain managers cannot adjust and recover properly from supply chain disruptions. In order to prepare supply chains to cope with crises, and ensure that they can easily bounce back from any kind of disruption, we need to re-think our supply chain models.
Paving the Way For Supply Chain Resilience in a World of Black Swans