Minimizing the vulnerabilities of supply chain: A new framework for enhancing the resilience

Today´s globalized, leaner and just-in-time supply chains are more vulnerable to natural and man-made disasters. The business environment is continuously varying which produces risk and to manage this risk, it requires resilience. This paper proposes a new framework for supply chain resilience that leverages existing knowledge and offers a better understanding of the available notion in literature. It incorporates flexibility, adaptability, collaboration, visibility and sustainability as the major pillars for resilient supply chains. This framework provides a new means to evaluate `supply chain fitness´ and also provides critical insights for decision making by minimizing the negative impact of unavoidable risk events. Thus it incorporates event readiness and provides an efficient response.