Supply Chain Resilience and Risk

Chain Reaction

President Biden issued a policy statement which put supply chain resilience at the heart of the US Economy. An extract from the policy statement states:

“The United States needs resilient, diverse, and secure supply chains to ensure our economic prosperity and national security. Pandemics and other biological threats, cyber-attacks, climate shocks and extreme weather events, terrorist attacks, geopolitical and economic competition, and other conditions can reduce critical manufacturing capacity and the availability and integrity of critical goods, products, and services. Resilient American supply chains will revitalize and rebuild domestic manufacturing capacity, maintain America’s competitive edge in research and development, and create well-paying jobs. They will also support small businesses, promote prosperity, advance the fight against climate change, and encourage economic growth in communities of color and economically distressed areas.”

So this made me think more about what all organizations can do to make their own supply chains resilient when faced with external threats, disruptions and volatility within their own supply chains. In this episode I discuss some key ideas about supply chain risk and how supply chains can become resilient. Identifying vulnerabilities and assessing the risk is the first step to designing resilient supply chain strategies.

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About Tony Hines and the Chain Reaction Podcast – All About Supply Chain Advantage
I have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon...