Supply Chain Plasticity: Reshaping the Future of Risk Management
Ellie C. Falcone (),
Laharish Guntuka () and
Steven Carnovale ()
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Ellie C. Falcone: Neeley School of Business, Texas Christian University
Laharish Guntuka: Saunders College of Business, Rochester Institute of Technology
Steven Carnovale: Florida Atlantic University
A chapter in Handbook of Ripple Effects in the Supply Chain, 2025, pp 167-178 from Springer
Abstract:
Abstract Traditional risk management strategies often focus on restoring normal operations as quickly as possible. However, a new concept—supply chain plasticity—is gaining traction that offers a more dynamic and resilient approach. Supply chain plasticity refers to a firm’s capability to rapidly and significantly alter its supply chain network structure to accommodate substantial shifts and disruptions in the business environment. Unlike conventional methods that aim to return to a pre-disruption state, plasticity involves making dramatic changes to how a firm’s supply chain operates, often resulting in a new protocol that better aligns with the post-disruption environment. When implemented correctly, supply chain plasticity has the potential to significantly improve recovery, resilience, and responsiveness of supply chains.
Keywords: Supply chain plasticity; Supply chain risk management; Supply chain disruptions; Supply chain networks (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-031-85508-5_8
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DOI: 10.1007/978-3-031-85508-5_8
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