Supply Chain Resilience

Context

• In today’s world of global uncertainties, supply chain disruption is a real risk and building a resilience strategy is no longer optional.

• The supply chain needs to withstand disruptions, recover quickly, protect stakeholder interests, and prepare and adapt to new realities - all while keeping operations running.

• Having worked with diverse businesses with varying levels of maturity, resources, and ambition - I have developed the following principles as a useful framework to build resilience appropriate to the business context.

A detailed table outlining principles, rationale, best in class practices, and basic requirements related to supply chain management. The table includes specific principles like 'What you want to buy,' 'Use qualified suppliers,' 'Contracts,' 'Supplier performance management,' 'Prioritise risks,' 'Operating procedures,' 'Supply chain planning,' 'Tail spend management,' and 'Innovate,' along with their explanations and associated best practices.