Well behaved boats rarely make history
Of all the turbulence in the money market, cryptocurrency, de-globalization and cross border aggression; what sent global commerce into frenzy is a boat that choked the Suez Canal. At many levels, its very comforting to know that- not all is lost (something that social media constantly keeps reminding us). There is sanity and the world still work on tangible problems and their solutions. As supply chain professionals, it brings the focus back to basics as we start talking about ‘resilience’ in the supply chain. Not long ago, the topic was really hot and trending in the backdrop of Coronavirus scare and most recently during its vaccine rollout. Resilience can be defined as the degree to which a supply chain is able to achieve desired results in the face of all external risks . The term to focus here is ‘external’, since supply chain for any organization is almost always affected by external factors and thus really hard to manage from within. What organizations can control is their vulne...