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Resilient Supply Chain Design Gives Organizations a Market Edge During Pandemic
April 1, 2021 GMT
KNOXVILLE, Tenn., April 1, 2021 /PRNewswire/ For almost 20 years, supply chains’ value to organizations centered on efficiency and cost minimization, which created complexity and – as COVID-19 has demonstrated in the extreme – left enterprises vulnerable to disruption. A new study from the Global Supply Chain Institute (GSCI) now quantifies the impact of supply chain disruptions on organizational performance and provides a pathway for assessing and increasing supply chain resiliency.
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“Supply chain leaders have warned about vulnerability for years, but the boardroom and shareholders are finally becoming concerned about the traditional quick-fix, crisis-response approach,” says David Demers, a GSCI fellow at the University of Tennessee, Knoxville’sHaslam College of B