Supply chain resilience is crucial in today’s interconnected global economy. It refers to an organization’s ability to anticipate, adapt, and recover from disruptions or unexpected events that can impact the flow of goods, services, or information along the supply chain.
A resilient supply chain provides several key benefits. First and foremost, it ensures business continuity by minimizing disruptions, reducing downtime, and maintaining customer satisfaction. It enables companies to respond swiftly to unforeseen events such as natural disasters, geopolitical conflicts, or pandemics, thereby mitigating risks and minimizing financial losses.
Take this Catalyst Connection Supply Chain Assessment and get an instant rating on your current supply chain resiliency along with helpful tips to strengthen your procurement pipeline.
