When economic conditions are good—as they were for nearly a decade before COVID-19, supply chain risk management and resiliency initiatives could take a back seat to other initiatives designed to accelerate growth and manage costs. Now, amidst what the International Monetary Fund calls the biggest economic contraction since the Great Depression, resiliency is top of mind. In our conversations with supply chain leaders, we find they are looking not only to craft strategies for immediate survival and short-term business continuity, but also prepare for future disruption in whatever form it comes.
Read this paper to understand the importance of supply chain tranformation in the contexts of:
- why the COVID-19 environment is different
- harnessing AI and big data as tools to build resiliency
- predictive supply chain risk management.