What does supply chain resilience mean?

What does supply chain resilience mean?

• A. The capability to minimize costs in routine operations
• B. The ability to anticipate, respond, and recover from disruptions
• C. The speed of delivering products to customers
• D. The capacity to outsource all suppliers

Answer: (B)

Supply chain resilience is the ability to anticipate potential disruptions, respond effectively when they occur, and recover quickly to normal operations. It means having visibility across the network, redundancy with multiple suppliers and backup routes, and proactive plans that let the system absorb shocks and bounce back fast. By preparing for events like supplier failures, logistics delays, natural disasters, or cyber incidents, a company can keep essential functions running and minimize downtime. This differs from simply minimizing routine costs, which targets efficiency; from focusing mainly on speed of delivery, which emphasizes fast output rather than staying functional through disruptions; or from outsourcing all suppliers, which can create new dependencies and weaknesses instead of resilience.

Supply chain resilience is the ability to anticipate potential disruptions, respond effectively when they occur, and recover quickly to normal operations. It means having visibility across the network, redundancy with multiple suppliers and backup routes, and proactive plans that let the system absorb shocks and bounce back fast. By preparing for events like supplier failures, logistics delays, natural disasters, or cyber incidents, a company can keep essential functions running and minimize downtime. This differs from simply minimizing routine costs, which targets efficiency; from focusing mainly on speed of delivery, which emphasizes fast output rather than staying functional through disruptions; or from outsourcing all suppliers, which can create new dependencies and weaknesses instead of resilience.