Global Supply Chain Resilience and Risk Management: Navigating a Fragile System

Authors

  • Dr. Anita Desai Indian Institute of Technology Delhi, India Author

Keywords:

Global supply chains, resilience, risk management, vulnerability, disruption, economic stability, environmental sustainability, geopolitical tensions, collaboration, diversification

Abstract

In today's hyperconnected world, global supply chains underpin international trade and economic prosperity. However, these complex networks are inherently vulnerable to disruptions, exposing businesses and societies to significant risks. This article delves into the concept of global supply chain resilience, exploring its importance, key principles, and practical risk management strategies. Drawing upon diverse perspectives from social sciences, it analyzes the economic, political, and environmental factors that contribute to supply chain fragility, highlighting the need for multi-faceted approaches to building resilience.

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Published

2023-12-31