Creating Resilience

If 2020 taught us anything, it was that we underestimate the pivotal role of the supply chains in our lives and how fragile these global networks are. There is a pressing need to build robust, scalable, and less vulnerable supply chains.

Our challenging circumstances are set to continue for the foreseeable future. While we’re likely to see a roll-back from over-reliance on single-sourced goods, modern capitalism depends upon global markets.

The issue is the more complex a supply chain, the more vulnerable it is. As supply chain technology experts Transparency-One point out: “Supply chains that incorporate multiple tiers, are heavily globalized and/or involve a number of components or stages of transformation, are inherently more complicated and at greater risk of being severely affected by a crisis like Covid-19.”

Read more: