Five factors and regional differences account for large disparitiesRead more
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How Supply Chains Can Become More Resilient
Facilitated by a data-driven resilience index, companies can identify vulnerabilities earlier and take countermeasures
Supply chains are prone to disruption, particularly when unforeseen events occur, as clearly demonstrated by the COVID-19 crisis. One of many examples of disrupted supply chains is the current semiconductor shortage, with which not only car manufacturers are struggling. But what can companies do to prepare for such difficult situations? How can they identify their vulnerabilities at an early stage? Researchers at WHU – Otto Beisheim School of Management are researching one possible approach as part of the SPAICER consortium project: The concept of a data-driven resilience index opens up the possibility of simulating vulnerabilities in supply chains even before a real disruption occurs.