Supply Chain Resilience Roadmaps for Major Disruptions

Jessica Olivares-Aguila and Alejandro Vital-Soto
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Jessica Olivares-Aguila: Financial and Information Management Department, Shannon School of Business, Cape Breton University, Sydney, NS B1P 6L2, Canada
Alejandro Vital-Soto: Financial and Information Management Department, Shannon School of Business, Cape Breton University, Sydney, NS B1P 6L2, Canada

Logistics, 2021, vol. 5, issue 4, 1-18

Abstract: Background: Unexpected events or major supply chain disruptions have demonstrated the vulnerability in which supply chains operate. While supply chains are usually prepared for operational disruptions, unexpected or black swan events are widely disregarded, as there is no reliable way to forecast them. However, this kind of event could rapidly and seriously deteriorate supply chain performance, and ignoring that possibility could lead to devastating consequences. Methods: In this paper, definitions of major disruptions and the methods to cope with them are studied. Additionally, a methodology to develop supply chain resilience roadmaps is conceptualised by analysing existing literature to help plan for unexpected events. Results: The methodology is introduced to create roadmaps comprises several stages, including supply chain exploration, scenario planning, system analysis, definition of strategies, and signal monitoring. Each roadmap contains the description of a plausible future in terms of supply chain disruptions and the strategies to implement to help mitigate negative impacts. Conclusions: The creation of roadmaps calls for an anticipatory mindset from all members along the supply chain. The roadmaps development establishes the foundations for a holistic supply chain disruption preparation and analysis.

Keywords: supply chains; scenario planning; low-probability and high-impact disruptions; disruption management; disruption risk; supply chain resilience (search for similar items in EconPapers)
JEL-codes: L8 L80 L81 L86 L87 L9 L90 L91 L92 L93 L98 L99 M1 M10 M11 M16 M19 R4 R40 R41 R49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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