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The Importance of Resilience in Supply Chain Operations
The consumer wants to deliver and they want you to have a supply system which is resilient enough to be able to overcome all these obstacles whenever they may happen. So what does that really mean? What it means is that you have to start from the upstream, not your tier one, but tier two and tier three suppliers and do a proper risk analysis in saying how secure your sources are. Do you have a vendor concentration which makes you depend on any one geography or any one sector disproportionately? And if that is the case, then one has to look at a combination of measures to diversify the supply base itself to start. The second one comes to where you produce or where you manufacture and there also