Achieving Supply Chain Resilience Through Risk Management and Mitigation Discipline

Global supply networks are growing increasingly complex as a result of the risk and uncertainty underlying supply and demand trends. Environmental and political risks amplify these effects and increase supply chain interruptions; these supply chain interruptions create substantial financial losses and force companies to fail in meeting their strategic expectations. Covid'19's pandemic has emphasized the supply chain's susceptibility to natural disasters, as well as how it might have a global impact on human lives and the economy. The issue of supply chain resilience has gained attention, especially in the aftermath of the pandemic outbreak, as firms and nations aim to avoid and manage these disruptions with the least possible impact on performance and consumers. This study conducted a Systematic Literature Review to identify and assess key themes related to supply chain resilience. This study identifies probable causes of supply chain disruptions by reviewing literature on risk and vulnerability concepts. Finally, this study examines supply chain risk management as a discipline for addressing risk, as well as supply chain capabilities and their contribution to supply chain resilience improvement. This study also looked at emerging digital technologies such as IoT, digital twins, artificial intelligence, and digital supply chain as a way to improve supply chain resilience.

• Publication year

  2022

• Venue

  Proceedings of the International Conference on Industrial Engineering and Operations Management

• Publication date

  Unknown publication date

• Fields of study

  Not labeled

• Identifiers
  DOI 10.46254/an12.20220291
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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