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BUILDING A RESILIENT SUPPLY CHAIN NETWORK

Rapid changes in the global business environment increased the need for companies to have a strong supply chain resilience plan.

Climate change, demand shifts, geopolitical tensions, and pandemic outbreaks disrupt global trade flows, while internal challenges like cyber-attacks, information breakdowns, product complexity, and labour shortages expose operational vulnerabilities, underscoring the need for robust supply chain resilience strategies.

In the dynamic business realm, supply chain resilience is no longer a luxury; it's an essential strategic imperative.

A variety of external and internal challenges can cause disruptions within the global supply chain and also expose operational vulnerabilities.

supply chain breakdown
External Challenges
  • Climate Change: Climate risks play a major role in disrupting 10-30% of global goods trade flows 
  • Demand Shift: The rise of e-commerce and online shopping can cause dramatic demand fluctuations 
  • Geopolitical Tension: 80% of all global trade includes nations with low or declining political stability scores 
  • Pandemic Outbreak: The COVID-19 Pandemic caused an estimated $1.1 Trillion in losses for businesses around the world.

Internal Challenges
  • Cyber Attack: The average time is 287 days to identify and contain a cyber-attack or breach
  • Information Breakdown: 47% of shippers and 44% of LSPs experienced communication breakdowns
  • Product Complexity: 42% of companies reported that they were unable to accurately forecast demand 
  • Labour Shortage: 71% of companies in Singapore experienced a shortage of skilled workers. 

internal challenges

RESILIENCE+
Navigating the supply chain of tomorrow

Resilience+ is an initiative by ARTC and SIMTech, in collaboration with TÜV SÜD, to empower businesses to weather the storms of supply chain disruptions. As a 3-step assessment framework and holistic solution, Resilience+ can help companies better understand their supply chain vulnerabilities and develop capabilities to anticipate and overcome disruptions in supply chain.

With Resilience+, you will be able to:

  • Navigating Uncertainty: Whether from geopolitical tensions or climate shifts, disruptions are unavoidable. Resilient supply chains effectively weather these storms, ensuring operational continuity even in turbulent times.
  • Seizing Opportunities: Resilience isn't just about bouncing back; it's about seizing growth opportunities. Agile supply chains adeptly adjust to evolving market demands, granting a competitive edge.
  • Cost Efficiency: Resilience is a prudent investment to prevent disruptions and minimize downtime. This proactive approach enhances cost efficiency, safeguarding the bottom line.
  • Informed Decision-Making: Data-driven insights underpin resilience. By analysing risks, identifying vulnerabilities, and devising strategic solutions, informed decisions propel sustainable growth.

3-step assessment framework

3 step framework

STEP 1 : ASSESS YOUR SUPPLY CHAIN

How Resilient is your Supply Chain?

Our framework utilises a comprehensive set of factors and quantifiable metrics to measure your current level of capability versus vulnerability. You will be able to answer these questions to make an informed decision:
  • How resilient is my company now?
  • Will it be worthwhile to allocate additional resources for enhanced resilience?
  • What level of commitment is necessary to fortify the resilience?

STEP 2 : Identify Gaps & Priorities

What are the gaps to be closed? How can i prioritize which tasks i need to work on to close the gaps?

Our framework will analyse and pinpoint critical barriers you need to overcome in order to achieve supply chain resilience. It also allows you to prioritise capability-building tasks based on their importance to the company.   

STEP 3 : Develop a roadmap

What are the actions i need to take in order to become resilient?

Strategise and architect a technology roadmap tailored to your customised requirements. The framework will define appropriate mitigation strategies and test performance on these strategies. This technology roadmap serves as a guide, highlighting key technologies that can be adopted or developed across the organisation within your means to continually enhance supply chain resilience.

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