Trade Talks
171. What makes a supply chain resilient
Nov 15, 2022
Exploring supply chain resilience during the COVID-19 pandemic in India, the podcast covers the impact on mobility, challenges faced by migrant workers, and the importance of data in analyzing resilience. The discussion also delves into how complex supply chains demonstrated resilience, the role of diversification during global shocks, and the emerging field of research on supply chain resilience.
37:29
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Quick takeaways
- Complex supply chains with multiple inputs were found to be more resilient during the pandemic.
- Investments in strong buyer-supplier relationships and adaptability were crucial for supply chain resilience.
Deep dives
Understanding Supply Chain Resilience in the Face of Unexpected Events like COVID-19
Exploring the concept of supply chain resilience amidst product shortages during the COVID-19 pandemic. Despite expectations, complex supply chains with many inputs were found to be more resilient. Economists emphasize defining supply chain resilience for measurement and identifying features influencing resilience during unexpected shocks like COVID-19.
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