The Association for Supply Chain Management (ASCM) commissioned with The Economist Intelligence Unit (EIU) to recently produce a report titled: Supply chain resilience for an era of turbulence.

In this report, the EIU examines capabilities that increase supply chain resilience in today’s environment of increased risk and more severe supply chain disruptions. The report itself is the result of a series of in-depth interviews with leading subject matter experts on supply chain resilience, sustainability, and circularity from around the world.

supply chain resilence

This supply chain industry analyst and founder of Supply Chain Matters was very honored to be asked by ASCM to be one of eight other contributed experts interviewed by the EIU researchers.

The report authors summarize the report as:

The unprecedented impacts of covid-19 have drawn increased attention to supply chains, with supply chain resilience becoming a favorite topic for discussion this past summer. Leading companies are turning words into action, actively taking steps to build resilience in their supply chains and developing their capabilities to face the variety of risks that characterize this era of turbulence, including geopolitical shifts, cyberthreats, resource depletion, climate change, and pandemics. Adapting to today’s new normal will require more than classic supply chain management capabilities. In our briefing paper, we discuss two distinct domains of modern supply chain resilience: real-time supply chain resilience and strategic supply chain resilience.

This report further outlines the changing landscape of supply chain risk, the defining and measuring of both what is termed as real-time supply chain resilience as well as strategic supply chain resilience, with definition to the various strategies associated with each of these capabilities.

Both the EIU and ASCM will continue to provide insights into how supply chain managers can develop modern supply chain resilience in their organizations in a series of follow-on research that includes added interviews with corporate executives, supply chain metrics drawn from financial disclosures as well as other evidence-based data.

I, for one, am looking forward to this additional research data and insights and I believe our readers will benefit as well.

Supply Chain Matters readers can view the complimentary initial report by visiting this designated EIU report website.

 

Bob Ferrari

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