Supply chain resilience must endure as a business imperative

Bill Demartino and Matthew York
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Bill Demartino: riskmethods Inc., USA
Matthew York: riskmethods Inc., USA

Journal of Supply Chain Management, Logistics and Procurement, 2022, vol. 4, issue 3, 260-268

Abstract: The concept of supply chain resilience has become widely accepted as an imperative for the enterprise, with the COVID-19 pandemic helping to crystallise it as an objective in itself. Business leaders are now pondering what this means for their organisations and in particular their bottom lines. It is within this context that the role of the enterprise must evolve to make risk awareness an essential element of supply management processes and decisions. This paper explores some of the initiatives that are driving the demand for supply chain resilience and demonstrates a coalescing need for broader risk awareness. It discusses the fundamental changes to the circumstances of supply management in the wake of the deadliest global pandemic in more than a century. It goes on to look at the journey of becoming more risk-aware — including taking the mantle of leadership within a network that outlines tactical approaches and the necessary building blocks for creating a supply chain-resilient enterprise.

Keywords: supply chain; supply chain risk management (SCRM); resilience; digitisation; digital transformation (search for similar items in EconPapers)
JEL-codes: L23 M11 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jscm00:y:2022:v:4:i:3:p:260-268

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