Before the disruptions caused by COVID-19, many businesses held the view that minimizing supply chain cost was crucially important. Now, according to DHL's white paper, "Post COVID Supply Chain Recovery," many have realized that supply chain resilience is more important. In fact, the white paper points out that many organizations were already starting to focus on supply chain resilience strategies following the numerous natural disasters that disrupted supply chains in the Far East.
What Is Supply Chain Resilience? In our recent white paper on supply chain resilience, we explained that supply chain resilience refers to the ability to recover readily from disruption. This includes an ability to bounce back, adapt to new policies and develop ways of mitigating supply chain risk. A simple example of a resilient supply chain would be one that employs multiple sourcing strategies to ensure continued supply should one or more supply routes be cut.... more