Role of supply chain resilience in mitigating sustainable risks

Supply chains have become more lean and efficient while expanding across the globe. The need for sustainability and prevention against climate change is being enforced by regulatory bodies through maintaining laws, rules and regulations. The supply chain is subject to numerous risks and disruptions of varying nature. The sustainable risks can be both minor (low impact - high frequency) or major (high impact - low frequency) causing disruptions and breakdown in logistics in the supply chain network. It is an interesting phenomenon to investigate how such risks and disruptions will be alleviated in supply chains, especially with modernized, efficient technology and management mechanisms. The role of supply chain resilience to build monetary surplus, enhanced productivity and competitive advantage is enabled through this research. The summarized findings of supply chain resilience frameworks along with definitions, components, theories and concepts have been synthesized for understanding of the phenomenon in manufacturing industry. The sustainability of processes, organization and resources is focused upon by building a unique strategic response from the combination of nodes, resources and structure in the face of disruptions. The study is useful for industry professionals, environmentalists, strategic planners, managers and policy makers to undertake resilience practices and strategies for alleviating sustainable supply chain risks across manufacturing.

Keywords:

Industrial environment performance , Resilience , Supply chain , sustainable risks