Supply chain resilience at the apt cost and efforts through visibility
- Vol.57(10), Oct
- Kolkata CMA Kaushik Banerjee 2022
- 35-38p.
The trade war between China and U.S. and supply and demand prostrations brought on by the covid-19 have been impelling the manufacturers everywhere to reappraise their supply chains. The vulnerabilities exposed from the wide spread of covid-19 has taught a lot of valuable lessons to Indian supply chain industry, particularly in formulating the supply chain strategies concentrating more on delivering quality despite the cost, including supply chain resilience. After covid-19, skilled labour shortage, manufacturing shifts from host countries to home countries, scarcity of resources with environmental threats, advanced persistent threats, technical disruptions, cyber-attacks and collapse of trust and visibility have emerged as the biggest challenges for SCM organisations. Overcoming the above-mentioned shortcomings, the resilience of supply chain has become the strong urge now-a-days for the SCM units with the need of re-imagining, re-thinking and re-managing the supply chains to ensure disruption free business continuity and progress with growth.