Understanding Supply Chain Resilience
Supply chain resilience refers to the ability of a supply chain to recover quickly from sudden changes in operational factors. It involves stakeholders absorbing, avoiding, and managing risks that arise from various disruptions, including natural disasters, economic shifts, technological changes, and shifts in customer behavior. Resilience is not just about resisting negative effects but also adapting to maintain efficiency. As market conditions evolve rapidly, organizations must continuously innovate to meet demands and build strong, adaptable supply chains.