let’s make something together

You can give us a call or drop by anytime, we endeavour to answer all enquiries within 24 hours on business days.

Find us

302, Blue Rose Industrial Premises, Western Express Highway, Borivali (East), Mumbai – 400066

Email us


Phone support

+91 7738926464 – West India |
+91 9996046464 – South India |
+91 8433986464 – North, East India & International Market

What are supply chain risk and resilience?

  • By nistush
  • September 10, 2022

Organizations have depended on worldwide, integrated supply chains to improve profitability for more than a generation. The worth of transitional goods traded worldwide has tripled to more than $10 trillion since 2000. During the same time period, a supply-chain prognostic indicators such as inventory levels, on-time-in-full deliveries, and lead times were enhanced for businesses that were successful in creating lean, global networks.

These efficiency gains, however, have not come cheap. From climatic changes and the rise of a multilateral economic system to greater mobility and digitization, an ever-expanding set of global problems has increased the surface area and amplitude of supply-chain risks.

Supply chain risk and resilience

A risk-aware culture is required to assist an organisation in establishing and maintaining strong defensive layers against unknown risks, as well as responding more immediately in the event of a serious crisis or implementation threat. As COVID19 revealed vulnerabilities in companies’ supply chains, resiliency requires not only awareness, but also setting an intent across the organisation, communicating effectively to the entire staff, and taking tangible action to address both immediate and long-term risks.

Leaders must clearly establish and document the risk tolerance of their organisation. Risk mitigation frequently comes at an incremental cost, so it is critical to agree on which risks must be mitigated and which can be borne by the organisation.

The ideal organisational culture also allows for the open sharing of warning signs of both internal and external risks. Management and staff must feel empowered to share bad news and lessons learned on how to correct course.

This openness creates an environment in which people understand that they can raise concerns and have them addressed.

Get supply chain risk and resilience with SCM guru Knowerx

Get various SCM certifications and APICS certifications with KnoWerX and boost your supply chain career. KnoWerX also provides various risk and resilience programs to make you a better risk assessor and lets you get a foothold in the SCM industry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Looking for the right SCM certification?
We are happy to help.
Please fill in your details below and we will get back to you.

Contact Form Demo