Phase I Report
The report identifies the most significant threats to supply chains and highlights their key vulnerabilities.
Phase II Report
The report calls for steps to help integrate resilience thinking into supply chain management in order to effectively manage impacts of risks and system vulnerabilities.
Supply chains are backbones of the global economy. Their complexity and critical role have businesses and governments increasingly concerned about managing major disruptions. This calls for a better strategy around resilience to build agile, transparent and diversified systems. The Forum’s report ‘Building Supply Chain Resilience’ being published in collaboration with Accenture offers a blueprint for resilience through public private partnerships, policy, strategy and IT and calls for an institution to implement it.
Systemic risks have global geographic scope, cross-industry relevance, uncertainty as to how and when they will occur, and high levels of economic and/or social impact requiring a multi stakeholder response. These risks are also magnified by the way supply chain systems are configured; and cannot be mitigated by individual actors. Risk management must be an explicit but integral part of supply chain governance. To achieve this, several steps are recommended:
Institutionalize a multistakeholder supply chain risk assessment process rooted in a broad-based and neutral international body
Mobilize international standards bodies to further develop, harmonize and encourage the adoption of resilience standards
Incentivize organizations to follow agile, adaptable strategies to improve common resilience
Expand the use of data sharing platforms for risk identification and responses
Framework for Resilience