The role of resiliency in managing supply chains disruptions

Ganguly, Anirban, Chatterjee, Debdeep and Rao, Harish (2018) The role of resiliency in managing supply chains disruptions. In: Supply Chain Risk Management: Advanced Tools, Models, and Developments. Springer, Singapore, pp. 237-251. ISBN 9789811041068

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Current day business organizations, symbolized by complex and global supply chains, are often subjected to unforeseen threats that result in huge financial losses. There are no sure ways of assessing these threats, especially the "black swans" (high-impact, but low-probability events like natural disasters, terrorist attacks, outbreaks, etc.), as the severe dearth of historical data excludes the use of forecasting tools to evaluate those disruptions. However, it has been observed that some organizations cope far better than others in addressing these unforeseen and unquantifiable disruptions. This is not because they have a 'secret formula', but due to them sharing a critical trait known as resilience. The notion of supply chain resiliency, which is the ability of a supply chain to recover to the 'pre-disruption' or a better state after suffering through a disruption process, has always been considered as a core element in the success of an organization. The primary objective of this chapter is to familiarize the readers with the concept of supply chain resiliency and its role in mitigating supply chain disruptions. The chapter will also reveal the advantages of a resilient supply chain through insightful examples from a wide range of industries.

Item Type: Book Section
Keywords: Supply chain resilience | Mitigating supply chain disruptions | Cell phone business | Reduce supply chain risk | Sheffi
Subjects: Social Sciences and humanities > Business, Management and Accounting > General Management
Social Sciences and humanities > Business, Management and Accounting > Marketing
JGU School/Centre: Jindal Global Business School
Depositing User: Mr Sombir Dahiya
Date Deposited: 05 Jan 2022 05:21
Last Modified: 05 Jan 2022 05:21
Official URL:


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