Author:
Subramanian Iyer Shankar,Rawool Ameeta
Abstract
Supply chain disruption refers to any event or occurrence that interrupts the flow of goods or services from suppliers to customers. This disruption can have a significant impact on businesses and can lead to delays, shortages, and increased costs. To mitigate the impact of supply chain disruptions, businesses can take several steps. These include diversifying their supplier base, maintaining safety stock levels, investing in technology to improve supply chain visibility, and developing contingency plans for dealing with disruptions. In addition, businesses can work with their suppliers and customers to build stronger relationships and improve communication and collaboration. This can help to identify potential issues early and allow for more effective problem-solving when disruptions do occur. Overall, supply chain disruption is a significant challenge for businesses, but with careful planning and proactive measures, it is possible to minimize the impact and maintain business continuity. The mixed methodology used in the research to capture the expertise opinions and the stakeholder’s expectations of the Supply chain and its necessity to be resilient.