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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.
- 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.
- 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.
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
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