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Achieving Supply Chain Resilience

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How to Reduce Vulnerabilities Through Quantitative Risk Sensing

The COVID-19 pandemic has transformed the way we perceive the importance of risk management and resilient management in a myriad of ways. The first phase of the pandemic led to a supply shock in China that was followed by a demand shock due to the shutdown of global economies. The combined demand and supply disruption revealed vulnerabilities of today’s highly dispersed and interlinked supply chains, their strategies and related corporate objectives of almost all globally acting companies.

The Path to a Resilient Supply Chain

In this new environment, building resilient supply chains is more important than ever. The conceptual challenges for building resilience are numerous: uncover hidden risks, identify supply chain vulnerabilities, build or improve supply chain resilience, diversify the supply base and many more. Building resilient supply chains enables companies to respond in a quick and agile way to changing market demands. Therefore, a resilient supply chain not only helps companies gain key competitive advantages in a dynamic environment. It is also best equipped to withstand unforeseen and disruptive events. But how to evaluate which resilience strategy is best for the specific situation your supply chain is facing? How to define concrete measures and how to implement them into the supply chain process landscape?

In this white paper, we present answers to these questions. Follow us right into the machine room of real supply chain risk management and learn about the main steps of a framework for Quantitative Risk Sensing.

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