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Future of Commerce: Supply Chain Resiliency – Three Lessons from 2020

Written by Atul Vashistha

3 Lessons for Supply Chain Resiliency.
The average consumer became painfully aware of what supply chain resiliency means in 2020. And unfortunately for many businesses, COVID and its cascade of risk events proved to be the perfect storm for supply chain disruptions. Traditional risk management approaches were unable to keep up with the rapidly evolving supply chain risk landscape.

It’s clear why improving supply chain resiliency is the focus for most businesses in 2021, but doubling down on practices that had limited effectiveness during COVID isn’t the answer.

Enabling better resiliency requires modernizing supply chain risk management approaches, not implementing more of what didn’t work.

In this article, Atul Vashistha, Chairman, Supply Wisdom highlights the risk management practices that failed and what companies must do to improve their supply-chain resiliency in 2021 and beyond.

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