Supply Chain Resilience and Risk Management How Companies Adapt To Disruptions Like Pandemics Geopol
Supply Chain Resilience and Risk Management How Companies Adapt To Disruptions Like Pandemics Geopol
Case Study
Russia-Ukraine war disrupted European energy supplies,
highlighting risk exposure beyond Tier 1.
Building a Resilient Supply Chain Strategy
Supplier Diversification Inventory Management Technology Investment
Use dual sourcing and spread Maintain safety stock and consider Real-time visibility and predictive
procurement across regions to postponement to stay agile. analytics reduce disruption risk by
reduce risk. 20%.
The Role of Technology
in Risk Mitigation
Real-time Monitoring
Blockchain secures data and tracks goods transparently.
Automation
Robotics improve efficiency and reduce manual errors.
Example
AI predicts port congestion and reroutes shipments effectively.
Supplier Relationship Management (SRM)
Impact
Contingency Plans
Collaborative SRM can
Collaborative Risk
Prepare joint action plans reduce risks by up to 30%.
Strong Partnerships Assessment
for emergencies to ensure
Build trust with key Work together to identify continuity.
suppliers to share risks and and mitigate potential
solutions. disruptions.
Business Continuity Planning (BCP)
Example
Many companies
move production
from China due to
trade tensions.
Visibility and Transparency
Track-and- Data Sharing Data Analytics
Trace
Collaborate openly Identify
Implement with partners and weaknesses and
technologies to stakeholders. improve
monitor shipments operational
at every stage. performance.
Case Studies in Supply
Chain Resilience
Success Story Lessons from
Pandemic
Apple diversified suppliers
to reduce reliance on any COVID-19 showed the
one region. need for flexibility and
digital readiness.
Best Practices
Invest in technology, build strong relationships, and plan ahead.
Conclusion: Building a
Future-Proof Supply
Chain
Key Takeaways Continuous
Improvement
Proactivity and adaptability
are essential for resilience. Regularly update plans and
technologies to face evolving
risks.
Future Outlook
Build sustainable, transparent, and agile supply chains for lasting
success.