TOWARD RESILIENCE: SUPPLY CHAINS IN A POST-SHOCK ERA
STRATEGIES TO BUILD SUPPLY CHAIN RESILIENCY
Supply chains have evolved as an efficient way to source raw materials and parts from the most cost-effective global sources for the manufacture of final products. To date, they have not focused on resiliency, visibility, or redundancy; instead, the goal has been to deliver speed and quality at the lowest cost. The supply chain disruptions caused by the COVID-19 pandemic are causing many Americans to question the exclusive focus on price point in sourcing and to examine the value of adding greater resiliency and visibility into the supply chain. Several industry stakeholders are outlining scenarios in which the price of final products does not necessarily increase. This white paper reviews current technology and other approaches to this challenge.