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Supply Chain Resilience

oboloo Glossary

Supply Chain Resilience

Supply Chain Resilience is defined as the ability of the supply chain to proactively identify disruptions in suppliers, processes, products and markets and respond swiftly and effectively to reduce the impact on customers and businesses. It refers to the robustness of the supply chain process to adapt to sudden changes in demand, technology, regulations, and other operational risks. Supply Chain Resilience also encompasses strategies to limit negative impacts such as shortages or service interruptions. These strategies may include developing alternate sources of supplies, increasing inventory levels and improving production processes.

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