The term “resilience” is being used a lot right now in relation to the world’s supply chains, many of which proved to be anything but resilient during the early stages of the global COVID-19 pandemic. And while many of those networks have since bounced back, electronics buyers continue to face ongoing product shortages, supply interruptions, and other challenges when procuring goods from both domestic and global suppliers.
A new Association for Supply Chain Management (ASCM)-sponsored report attempts to break down some of the key challenges that supply chains are grappling with right now and explains what needs to be done to ensure higher levels of resilience in the future. Conducted by The Economist Intelligence Unit, the new benchmarking survey explored the use of business continuity plans, end-to-end supply chain visibility, and strategic supply chain resilience strategies to help strengthen the world’s supply chains.
